The "Confirmatory Memorandum" Exception to the UCC's Statute of Frauds

question 13

Multiple Choice

The "confirmatory memorandum" exception to the UCC's statute of frauds provision:

• A)requires that the memorandum be signed by the party to be bound.
• B)requires that the memorandum be sent within ten days after the contract is made.
• C)requires that both parties receive the memorandum and have reason to know of its contents.
• D)requires that both parties to the contract be merchants.

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