The uniform commercial code provides that under

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The Uniform Commercial Code provides that, under certain circumstances, a merchant may be liable on a written contract, even though that merchant has
1/3/15 1:19 AM Business Law - Chapter 15 flashcards | Quizlet Amanda, a recent university graduate,
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needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable. Whittle sent an order over the Internet for a
$1,200 garage door. His name keyed onto the order will only be effective as a signature sufficient to create a "writing" "signed by the party against whom enforcement is sought" if he follows up with a signature on paper. Either party may demand rescission of a
fully executed oral contract that was required to have been in writing under the statute of frauds. Under the statute of frauds, the writing must:
be signed by the defendant; and must state with reasonable certainty the name of each party, the subject matter of the agreement, and all of the essential terms and promises. Rest Well Hotel orally ordered 1,000
blankets monogrammed with its initials, RWH, from TriColor Textiles. TriColor had just finished monogramming the blankets when Rest Well called and canceled the order. TriColor will be able to enforce the agreement even though there was no writing. For statute of frauds purposes, an interest in land includes:
1/3/15 1:19 AM Business Law - Chapter 15 flashcards | Quizlet Tuan is president and sole shareholder of Entertainment, Inc. Entertainment, Inc. wishes to borrow money, but to do so, the bank requires Tuan to orally agree to pay the debt of the corporation if Entertainment, Inc. cannot. Tuan's guarantee to repay is:
Page 4 of 10 Leslie $25,000, takes possession of the land, and starts building a house. At the time of closing, Willis has made a substantial beginning on the house. However, Leslie refuses to transfer the title, claiming the oral

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