Question

Quinn enters into a series of agreements with Reba involving a sale of a Suite Dreams Motel, including the land, building, furnishings, shares of stock in Suite Dreams Company, and a contract with Trudy to create an ad campaign. Reba suspects that Quinn may be misrepresenting the facts. The UCC Statute of Frauds governs:____

a. the sale of any of the property evidenced by a writing.
b. the entire deal, including the marketer’s services.
c. the sale of the furnishings priced at $500 or more.
d. the sale of the land and the building.

Answer 1

C) the sale of the furnishings priced at $500 or more.

Step-by-step explanation:

The UCC's statute of frauds requires that all contracts involving the sales of goods with a price over $500 must be in writing. In this case, the furniture should be worth more than $500.

The UCC's statute of frauds is different form the state's statute of frauds which governs the sale of real property. All contract regarding the sale of real property must be in writing, but they are governed by each state's statute of frauds, not the UCC.

Answer 2

the sale of the furnishings priced at $500 or more.

Step-by-step explanation:

Statutes of fraud is defined as the requirement for parties involved in a transaction to put in writing agreement reached so that such agreements can be enforceable.

The Uniform Commercial Code requires that contracts for the sum of $500 and above be in writing.

The UCC is primarily concerned with transactions involving sale of goods. Services are not included in the UCC's consideration.

In this instance UCC statue of frauds will be concerned with the sale of the furnishings priced at $500 or more.