SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam

Under South Carolina's adoption of the UCC, what is the Statute of Frauds requirement for auction sales of goods?

All auction sales must be video recorded Contracts for the sale of goods priced at $500 or more must be in writing or evidenced by a written record to be enforceable Only real estate auctions require written contracts Oral agreements are always enforceable at auction

Correct Answer:

Contracts for the sale of goods priced at $500 or more must be in writing or evidenced by a written record to be enforceable

Access more questions from this quiz

Continue to SC Auctioneer Practice Questions - South Carolina Licensed Auctioneer Exam for more practice questions and the full quiz experience.

Access More Questions