Jennifer has been wanting to purchase Wayne's first edition of her favorite book for a few years.Wayne has been reluctant to sell it.One evening he said to Jennifer,"Okay,I'll sell the book for $750." Jennifer replied,"Great.I accept." The agreement was not reduced to writing,but Wayne and Jennifer did shake hands.Two days later,Jennifer sent Wayne a letter outlining the terms of the agreement,and stating that she would deliver $750 cash according to the agreement before the end of the week.The letter was signed,"Best regards,Jennifer." Later,Jennifer had second thoughts - $750 was quite an amount - and refused to go through with the purchase.Nothing had been exchanged at this point.What can Wayne do?
A)He cannot enforce the contract against Jennifer because he did not sign the letter.
B)He cannot enforce the contract against Amy because the contract was not reduced to writing whereas it was for over $500.
C)He can enforce the contract against Jennifer because the signed letter satisfies the statute of frauds.
D)He can enforce the contract because, as neither of them is a merchant, the statute of frauds doesn't apply.

Question

Quizplus · Accepted Answer

Although the original agreement was not reduced to writing and did not satisfy the statute of frauds, Jennifer's signed letter outlining the terms of the agreement satisfies the statute of frauds and serves as evidence of the agreement. Wayne can enforce the contract against Jennifer based on the signed letter.

Jennifer Has Been Wanting to Purchase Wayne's First Edition of Her