The Statute of Frauds
Question: Assignment: The Statute of Frauds This assignment is due by the end of the 5th day of the module and is worth 20 points. Introduction The Uniform Commercial Code (UCC) includes a number of provisions that apply to contracts between merchants. One provision of the UCC is the Statute of Frauds. Assignment Instructions Your assignment is to read the scenario below and answer the prompts. Scenario Hot Coffee (a fictional Florida corporation) entered into a $1,000 contract for the sale of their mugs to an independent grocery store called Foods ‘r’ Us. Are there any specific requirements for Hot Coffee’s contract based on the Statute of Frauds? Assignment prompts: Research and Summarize the Statute of Frauds In class we will discuss what, if any, the specific requirements would be for the contract between Hot Coffee and Foods ‘R’ Us Requirements The length of your response is conditional on the question. Answer fully, but concisely. Your submissions should be submitted via the assignment dropbox in .doc or .docx format, using 12 pt type and double spacing. Late submissions will not be accepted. For this course, unless otherwise noted by the instructor, submitting work late will be permitted only under qualifying circumstances and only with prior notification and supporting documentation (original funeral notice, original doctor’s note, etc.). Computer and Internet connectivity problems are not valid reasons for late work. It is the student's responsibility to be technologically prepared to take an online course.
The Uniform Commercial Code (UCC) is a main pillar in business dealings in the United States, which covers the contracts on the sale of goods. The Statute of Frauds in the UCC 2-201 section is one of the most significant parts that determines in which cases a contract has to be written to be enforced. In this essay, the Statute of Frauds will be described and its application discussed in relation to the sale contract of $1,000 under the Statute of Frauds between Hot Coffee and Foods ‘r’ Us.
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