Smith and Roberson's Business Law 16th Edition by Richard Mann,Barry Roberts

Exercise 6

Schreiner, a cotton farmer, agreed over the telephone to sell 150 bales of cotton to Loeb Co. Schreiner had sold cotton to Loeb Co. for the past five years. Written confirmation of the date, parties, price, and conditions was mailed to Schreiner, who did not respond to the confirmation in any way. Four months later, when the price of cotton had doubled, Loeb Co. sought to enforce the contract. Is the contract enforceable?