UCC Requirements For Written Lease Contracts
Under the Uniform Commercial Code (UCC), a contract must be in writing when:
Athe contract is for the lease of goods valued at $10,000 or more
Bthe contract is for the lease of goods valued at $500 or more
Cthe contract is for the lease of goods valued at $5,000 or more
Dthe contract is for the lease of goods valued at $100 or more
Ethe contract is for the lease of goods valued at $1,000 or more
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