Fact Pattern 16-1
Grain Co-op, LLC and Hearty Cereals, Inc., discuss the terms of a contract for periodic deliveries of corn. Grain faxes Hearty a memo on Grain's letterhead that summarizes the points on which they agreed, including a two-year term. Grain begins to perform, and Hearty accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 16-1. The transaction between Grain and Hearty falls within the provision of the Statute of Frauds involving
A) collateral promises.
B) the one-year rule.
C) sales of goods.
D) secondary contracts.
Correct Answer:
Verified
Q52: Fact Pattern 16-1
Grain Co-op, LLC and Hearty
Q53: Rough Canyon Adventures, Inc., and Sturdy Stuff
Q54: Retail Company and Sales Wholesale Corporation enter
Q55: Flo agrees to assume a debt owed
Q57: Lewis tells a representative of Musical Instruments,
Q58: Fact Pattern 16-1
Grain Co-op, LLC and Hearty
Q59: Colin and Delta Water Company enter into
Q60: Daredevil Rides Inc. owes debts to Equipment
Q62: Ranchland Properties and Prairie State Investments sign
Q63: Hal's Hardware Inc. and Ideal Tools Corporation
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents