Multiple Choice
Leroy writes a letter that said,"I agree to sell to Jay 5 modern art paintings" and he signs the letter.What happens according to the code if Jay is a merchant and he receives this writing from Leroy and does not object in writing within 10 days after receiving it?
A) Jay would have a good statute of fraud defense as he has not signed the contract.
B) Jay loses his statute of fraud defense.
C) It will be considered as a void contract.
D) Leroy will be prevented by the statute of frauds to take the case to the court.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Paulsen and Warren enter into a written
Q6: If an oral contract has been declared
Q7: Sunny makes an oral agreement with WudWerks
Q8: Contracts that are required to be in
Q9: A fully executory,bilateral contract that cannot be
Q11: Why do contracts that involve the executors'
Q12: For the requirement that certain types of
Q13: Harold makes an oral agreement to purchase
Q14: "Parol evidence" refers to:<br>A)the evidence given at
Q15: Explain the writing requirement under the UCC