Bob sends Fred a letter offering to sell Fred his car for $2,500. Fred writes back that he'll take it. They now must get together and write a memorandum because it is a sale of goods for over $500.

Question

Quizplus · Accepted Answer

A written memorandum is not required for the sale of goods under $500 according to the Statute of Frauds. However, since the sale is over $500, a written agreement is necessary, but it doesn't have to be a memorandum specifically.

Bob Sends Fred a Letter Offering to Sell Fred His