Final answer:
To satisfy the UCC's Statute of Frauds, it is false that a writing must only state the price term; it also has to include a description of the goods, the quantity, and the signature of the party against whom enforcement is sought.
Step-by-step explanation:
To satisfy the Uniform Commercial Code's (UCC) Statute of Frauds, it is false that a writing need only state the price term. According to the UCC, specifically Section 2-201, for the sale of goods priced at $500 or more, the writing must include not only the price but also a description of the goods, the quantity, and the signature of the party against whom enforcement is sought. The Statute of Frauds aims to prevent fraud and perjury in the enforcement of agreements by requiring a written and signed document containing key terms of the contract. Therefore, while the price term is important, it is not the sole requirement for a writing to satisfy the Statute of Frauds under the UCC.