Fact Pattern 14 - 1 Grain Co-Op LLC and Hearty

question 37

Multiple Choice

Fact Pattern 14 - 1 Grain Co-op LLC and Hearty Cereals Inc. discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay.
Refer to Fact Pattern 14 - 1. The transaction between Grain and Hearty falls within the provision of the Statute of Frauds involving

• A) collateral promises.
• B) the one-year rule.
• C) sales of goods.
• D) secondary contracts.

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Definitions:

Clear Channel Communications

A former American mass media company that specialized in radio broadcasting, live event promotion, and music entertainment, now known as iHeartMedia, Inc.

Radio Company

An organization involved in broadcasting audio content via radio waves to reach a wide audience.

Sony Music

An international music company, part of the Sony Corporation, that operates as a record label for a wide variety of artists.

Warner Music Group

A major global music company involved in the discovery, development, and dissemination of recorded music and publishing rights.