a)The Universal Commercial Laws hold Merchants to higher standards than a non-merchant. Since Nina and Seth are both merchants, the Merchant exception applies to this situation. Merchant exception states that if an oral agreement is made, and a memo is sent within a reasonable time showing their agreement, the terms are bindable unless the merchant receiving the memo objects within 10 days. Nina's memo was written in a manner that shows their agreement, mentions the price (which is not always needed), and includes the quantity. Her memo meets the standards to be enforceable because Seth did not object within a 10-day time frame, therefore he will be obligated to sell Nina the 15 cars at the 30% discounted rate as stated in the memo Seth received and carelessly ignored.

b) Roger and Fred the farmer did come to an agreement in their contract. Overall both of them did follow the time the deal should start but stopped when Roger asked Fred to stop delivering due to a scheduling problem in the processing line. Terms were not left out but if one thing that could be is how in the contract Fred the Farmer was asked by Roger to hold delivery and he had to stay with the onions which became rotten and when he went back to delivering for Roger he gave him bad onions which caused Roger to have to buy and compensate back to the stores who purchased his onions

What makes these statements correct? 

Answer rating: 100% (QA)

Answer Based on the information provided here is my analysis a The Merchant Exception The Universal ... View the full answer