The Uniform Commercial Code (UCC) requires several specific terms of a contract to be in the writing, while common law contracts have a much more liberal rule concerning what must be in the writing.

True/False

Question

Elliot Everett

Law

31 May, 02:57

The Uniform Commercial Code (UCC) requires several specific terms of a contract to be in the writing, while common law contracts have a much more liberal rule concerning what must be in the writing.

True/False

+3

Answers (2)

Know the Answer?

Bibbles · Answer 1

False is the answer ...

Jeremiah Whitney · Answer 2

The answer is: False.

Explanation:

The Uniform Commercial Code (UCC) regulates more generous or unrestrained rules for contracts regarding all types of commercial transactions involving merchants, and the sale of goods and services. On the other hand, common law regulates specific or restrained rules for commercial transactions involving such things as offers, real estate, insurance, and intangible assets.

The Uniform Commercial Code (UCC) requires several specific terms of a contract to be in the writing, while common law contracts have a much more liberal rule concerning what must be in the writing.True/False

The Uniform Commercial Code (UCC) requires several specific terms of a contract to be in the writing, while common law contracts have a much more liberal rule concerning what must be in the writing.

True/False