The Uniform Commercial Code (UCC) has been adopted in whole or in part by the legislatures of all 50 states. Under the UCC, whenever the sales price of goods is $500 or more, the sales contract must be evidenced by a writing to be enforceable. The writing may be either a complete written contract signed by both parties or a memorandum (confirming letter) signed by the defendant.
This form is designed as a repudiating letter to set aside an oral transaction. No provision is made by the Code concerning the contents of the repudiating letter. Any statement sufficient to indicate the transaction that the party is repudiating is sufficient for purposes of the Code. The reference to the oral contract made in the repudiating letter may not be deemed an admission of the existence of that contract so as to bring the matter within the exception of Uniform Commercial Code § 2-201(3)(b). The form avoids this question of construction by not stating the quantity of goods that was the subject of the sale.
Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: An Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement is a legal document used to clearly and formally inform the buyer that there is no existing oral sales agreement between the buyer and the seller. This notice serves as evidence to negate any claims or misunderstandings related to the existence of an oral agreement. Keywords: Arkansas, Notice to Buyer, Repudiating, Oral Sales Agreement, legal document, buyer, seller, claims, misunderstandings, existence, evidence. Types of Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: 1. Standard Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: This is the most common type of notice used when a buyer wants to refute the existence of any oral sales agreement. It states that the buyer denies entering into any verbal agreement with the seller and requests written confirmation of the same from the seller. 2. Conditional Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: In certain situations, a buyer may include specific conditions under which they disclaim the existence of an oral sales agreement. For instance, if the buyer can provide evidence that the seller misrepresented the terms or conditions, or if the buyer discovers material defects in the goods, they may invalidate any oral agreement. 3. Timely Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: In cases where there is a time constraint for notifying the seller about the non-existence of an oral sales agreement, the buyer may use this notice. It emphasizes the importance of timely communication within the legal framework to protect the buyer's rights. 4. Extended Arkansas Notice to Buyer Repudiating the Existence of an Oral Sales Agreement: This type of notice is used when the buyer's repudiation of the oral agreement requires additional supporting details and arguments. It provides a more comprehensive explanation of why the buyer asserts that there is no oral sales agreement. Remember, it is crucial to consult with a legal professional or attorney before drafting or using any legal document to ensure compliance with Arkansas state laws and specific circumstances.
