Under the Statute of Frauds for sale of goods, which document can satisfy the writing requirement between merchants if not objected within 10 days?

Prepare for the Bar Exam with our Mnemonics Test. Boost your memory and understanding using flashcards and multiple choice questions, each with detailed hints and explanations. Get ready to ace your exam!

Multiple Choice

Under the Statute of Frauds for sale of goods, which document can satisfy the writing requirement between merchants if not objected within 10 days?

Explanation:
Between merchants, the Statute of Frauds allows a writing to be satisfied by a merchant's confirmatory memo. Under the UCC, a written confirmation from one merchant to another about the sale of goods can satisfy the writing requirement if it reasonably identifies the goods and the parties and is enough to bind the sender, and the recipient does not object in writing within 10 days of receiving it. This 10-day non-objection rule creates a reliable, quick way for a contract to be recognized in commercial practice, reflecting the parties’ intent to proceed and the efficiency of confirming terms in writing. Therefore, a merchant's confirmatory memo is the document that best fits the scenario described.

Between merchants, the Statute of Frauds allows a writing to be satisfied by a merchant's confirmatory memo. Under the UCC, a written confirmation from one merchant to another about the sale of goods can satisfy the writing requirement if it reasonably identifies the goods and the parties and is enough to bind the sender, and the recipient does not object in writing within 10 days of receiving it. This 10-day non-objection rule creates a reliable, quick way for a contract to be recognized in commercial practice, reflecting the parties’ intent to proceed and the efficiency of confirming terms in writing. Therefore, a merchant's confirmatory memo is the document that best fits the scenario described.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy