Contracts for the sale of goods-ucc rule

Question

Question 1. The Uniform Commercial Code (UCC) is a unified set of statutes designed to govern almost all of these transactions:

• Real Estate Purchases
• Commercial Transactions
• Employment Contracts

Question 2. The term "express contract" only applies to written contracts.

• True
• False

Question 3. The "Statute of Frauds" provides that certain contracts must be in writing to be enforceable.

• True
• False

Question 4. Which of the following is NOT an exception to the UCC rule that contracts for the sale of goods of $500 or more must be in writing:

• Specially manufactured goods that cannot be resold easily
• Admissions in Court
• Executed Agreements
• Oral contracts between merchants with no written confirmation required

Question 5. The parol evidence rule provides that oral statements made before signing a written contract may always be used in court to change or contradict the terms of the written contract.

• True
• False