The Uniform Commercial Code (UCC) includes a number of provisions that apply to

Question

The Uniform Commercial Code (UCC) includes a number of provisions that apply to contracts between merchants. One provision of the UCC is the Statute of Frauds.

Hot Coffee (a fictional Florida corporation) entered into a $1,000 contract for the sale of their mugs to an independent grocery store called Foods ‘r’ Us. Are there any specific requirements for Hot Coffee’s contract based on the Statute of Frauds?

In your assignment:

Summarize the Statute of Frauds

Discuss what, if any, the specific requirements would be for the contract between Hot Coffee and Foods ‘r’

Explanation / Answer

The statute of frauds it mentions that certain type of contract needs to be implemented in the form of writing. Contract in which sale of goods is of value of $500 or more then it needs to be in the form of written contract. And as mentioned in the case hot coffee has entered into $1000 for the sale of the mug to the grocery store Foods 'r". Hence it is mandatory to have a written contract between the two parties in the agreement. There are no any additional specific requirements for Hot Coffee’s contract based on the Statute of Frauds.

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