The written confirmation rule requires that both parties to an oral agreement send written confirmation of the sale or lease.

Question

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The written confirmation rule only applies to agreements for the sale of goods over $500, as specified in the Statute of Frauds. It does not apply to leases or all types of agreements. Additionally, the rule only requires one party to send the written confirmation, not both.

The Written Confirmation Rule Requires That Both Parties to an Oral