If Both Parties to an Oral Sale or Lease Contract

question 6

True/False

If both parties to an oral sale or lease contract are merchants,the Statute of Frauds requirement can be satisfied if one of the parties sends a written confirmation and the other merchant does not object within 10 days of receiving the confirmation.

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Definitions:

Respond

To react or reply to something, typically as a result of external stimuli.

Matching Law

A theory stating that the proportion of responses directed towards one alternative corresponds to the proportion of reinforcements received from that alternative.

Shortest Delay

The minimal time interval between a signal and its associated outcome, often discussed in the context of learning and reaction times.

Responding

The act of reacting to a stimulus or environment in a way that is observable.