Millet Grains Cooperative and Corn Cereals,Inc.,discuss the terms of a contract for periodic deliveries of corn. Millet Grains then faxes Corn Cereals a memo on Millet Grains's letterhead that summarizes the points on which they agreed,including a two-year term. Millet Grains begins to perform,and Corn Cereals accepts the deliveries but refuses to pay.
-Refer to Fact Pattern 15-1.Between Millet Grains and Corn Cereals,there is
A)an oral contract only.
B)a pre-contract only.
C)a written contract.
D)no contract.

Question

Quizplus · Accepted Answer

The fact pattern states that Millet Grains faxed a memo on their letterhead summarizing the agreed-upon points, including a two-year term. This constitutes a written contract between Millet Grains and Corn Cereals.