Question

1.

What are the exceptions to the need for a writing (statute of frauds) under the UCC for the sale of goods over $500?

2.

What is required of the seller under a shipment contract?

3.

What is the difference between "cover" and "cure"?

Answer 1

1. Any writings must be proven in order to be enforceable by contracts for the selling of products to an sum greater than $500. The Section 2-201 of the UCC calls for written sales contracts at $500 or more, but without exceptions oral arrangements are fully enforceable for sales of goods valued at less than $500.

The status of fraud of the UCC is very limited. The UCC suggests that even if not written, the majority of business agreements can be enforced. In these limited situations, however, the UCC requires contracts to be written:

Contracts for items priced at or over $500
Goods rentals of $1,000 or more
The borrower does not have arrangements to establish a protection interest in the products or products

2. Under the shipping contract , the seller shall bring the goods by carrier. Once the goods have been shipped to the carrier the buyer shall be responsible for any damages or harm. In accordance with a shipment contract the seller is obliged to deliver merchandise only to carriers, and at the time and place of shipment the title passes on to the purchaser.

3. If the seller fails to deliver or repudiate the goods or the buyer legitimately rejects or rightfully cancels the acceptance, then the buyer may cancel the entire contract in respect of any goods concerned and if the infringement is in effect and whether or not they have done it in addition to the price they paid.
"Cover" and have damaged, if the goods are or are not identified to the contract, under the next section.

If the non-contracting payment substantially impairs and can not be cured or if the non-compliance is a defect in the required documents, the customer may not accept any installment which is in non-compliance, but if the non-compliance does not fall within the scope of the subsection and the seller provides adequate assurance that he will cure the payment.