Multiple Choice
King,a circuit board manufacturer,called Foster,a computer storeowner,and offered to sell him 500 circuit boards for $20,000.Foster accepted the offer over the telephone that same day.King immediately sent Foster a signed memorandum confirming the deal they made orally.Which of the following statements concerning the contract is correct under the statute of frauds?
A) No contract was formed because Foster did not sign the offer.
B) No contract was formed because King is not a merchant.
C) A contract was formed unless Foster objects to the memorandum within 10 days of receiving it.
D) A contract was formed but it is unenforceable.
Correct Answer:
Verified
Correct Answer:
Verified
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