Seller orally contracts to sell goods to Buyer for a total price of $450.Several days later,both parties orally agree to raise the price to $550 because of a shortage of these goods.When the goods are delivered,Buyer refuses to accept them.Seller sues.Both parties are merchants.In this situation:

Question

Quizplus · Accepted Answer

The original contract for $450 is enforceable without writing because it is below the $500 threshold required by the Statute of Frauds for goods. However, the modification to $550 requires writing to be enforceable, so Seller can only collect the original $450.

Seller Orally Contracts to Sell Goods to Buyer for a Total