Do contracts for the sale of goods over $500 have to be in writing?
Yes. If the contract involves the sale of goods for $500 or more, then the contract must be in writing to be enforceable. Under the statute of frauds, a contract that involves the sale of goods will be required to be made in writing in order to be enforceable if the price of those goods is over $500.
Below is an example of where a sale of goods for $600 is required to be in writing to be enforceable:
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