Validity Of Oral Contracts Under UCC
Bob agrees to sell his cow to Harry for $1,000. They establish a specific date for the exchange and shake hands on the agreement. According to the Uniform Commercial Code (UCC), do they have a sales contract?
AYes, oral contracts are the preferred form of contract.
BNo, oral contracts must be witnessed.
CNo, oral contracts are not permitted.
DYes, oral contracts are permitted.
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