Leroy writes a letter that says,"I agree to sell to Jay five modern art paintings," and he signs the letter.Jay is an art dealer and he receives this writing from Leroy and does not object in writing within 10 days of receiving it.Which of the following is true according to the Uniform Commercial Code?
A) Leroy would have a good statute of fraud defense because Jay not has signed the contract.
B) Jay has lost his statute of fraud defense because he did not object to the contract.
C) The contract will be considered void because of the lack of written evidence from Jay.
D) Leroy will be prevented by the statute of frauds to take the case to the court.

Question

Quizplus · Accepted Answer

In the above case, Jay has lost his statute of fraud defense because he is a merchant, and he did not object to the contract in writing within 10 days of receiving it. Leroy still must convince the court that the parties had a contract, but he is not prevented by the statute of frauds from trying to do so.

Leroy Writes a Letter That Says,"I Agree to Sell to Jay