Question

Clay buys an MP3 player for $200 and a pair of stereo speakers for $600from a Discount City store, and downloads $300 worth of digital music from E-Music.com. To be enforceable, the contract that must be in writing is thepurchase ofa.the digital music, the MP3 player, and the speakers. b.the MP3 player and the speakers only. c.the MP3 player only. d.the speakers only

Answer 1

Answer:

D) the speakers only

Explanation:

UCC rules state that contracts sales or lease contracts must be in writing only when:

1. the contract for the sale of goods must be worth at least $500 (only the speakers cost more than $500)
2. leasing contracts worth at east $1,000

*If the parties involved are merchants, this rules might vary.