A contract is an agreement enforceable by law and there are two sources of contract law: common law of contracts and state statutory law governing sales and lease transactions pursuant to the Uniform Commercial Code (UCC). The goal of the UCC was to simplify and streamline commercial business transactions. Businesses look to the UCC when contract law conflicts arise instead of having to "run to the courthouse" to resolve disputes. In what way is the UCC Statute of Frauds provision relevant when deciding whether parol evidence is admissible? Explain your answer.
A contract is an agreement enforceable by law and there are two sources of contract law: common law of contracts and state statutory law governing sales and lease transactions pursuant to the Uniform Commercial Code (UCC). The goal of the UCC was to simplify and streamline commercial business transactions. Businesses look to the UCC when contract law conflicts arise instead of having to "run to the courthouse" to resolve disputes. In what way is the UCC Statute of Frauds provision relevant when deciding whether parol evidence is admissible? Explain your answer.
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A contract is an agreement enforceable by law and there are two sources of contract law: common law of contracts and state statutory law governing sales and lease transactions pursuant to the Uniform Commercial Code (UCC). The goal of the UCC was to simplify and streamline commercial business transactions. Businesses look to the UCC when contract law conflicts arise instead of having to "run to the courthouse" to resolve disputes.
- In what way is the UCC Statute of Frauds provision relevant when deciding whether parol evidence is admissible? Explain your answer.
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