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. Between Grain and Hearty, this contract is most likely enforceable against

Question

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. Between Grain and Hearty, this contract is most likely enforceable against​

Quizplus · Accepted Answer

Grain and Hearty can be held at least to the extent of the performance because Grain's fax to Hearty outlining the terms of the contract creates a written contract, even without a signature. However, if there were any terms not discussed in the fax, they may not be enforceable without further agreement or negotiation.

Fact Pattern 16-1 Grain Co-Op, LLC and Hearty Cereals, Inc., Discuss the Terms