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The "Confirmatory Memorandum" Exception to the UCC's Statute of Frauds

Question 13

Multiple Choice

The "confirmatory memorandum" exception to the UCC's statute of frauds provision:


A) requires that the memorandum be signed by the party to be bound.
B) requires that the memorandum be sent within ten days after the contract is made.
C) requires that both parties receive the memorandum and have reason to know of its contents.
D) requires that both parties to the contract be merchants.

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