Under the Sales Article of the UCC (Article 2), which of the following statements is correct regarding the Statute of Frauds for a contract for the sale of goods?

Answer options:

It applies to all contracts for the sale of goods regardless of price.

The writing must contain all material terms of the contract.

A written confirmation between merchants that is not objected to within 10 days satisfies the requirement.

The contract is void if it does not satisfy the Statute of Frauds.

How to approach this question

Recall the UCC exceptions to the writing requirement: SWAP (Specially manufactured, Written confirmation, Admitted in court, Performed).

Full Answer

C.A written confirmation between merchants that is not objected to within 10 days satisfies the requirement.✓ Correct

UCC §2-201(2) provides that between merchants, if a writing in confirmation of the contract is received within a reasonable time, it satisfies the Statute of Frauds against the recipient if they do not object in writing within 10 days.

Common mistakes

Thinking the price, delivery date, etc., must be in the writing. Only quantity is strictly required.

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