Contracts involving the sale or lease of goods are covered by the Uniform Commercial Code and are subject to special rules.
Like other contracts, elements of a sales contract include offer, acceptance, and consideration.
An offer under sales law may be incomplete as to terms provided the parties intend to enter into a contract.
A firm offer cannot be revoked for a specified time of up to three months, regardless of a lack of consideration. A firm offer must be
Acceptance of a sales contract does not have to mirror the offer. A timely and definite indication of acceptance with different or additional terms is valid.
An offer to buy goods for prompt or current shipment
Modifications of existing contracts are enforceable, even if or not supported by additional consideration.
Under the Statute of Frauds, sales contracts in the amount of $500 or more, including modifications, must be in writing to be enforceable.