§2-201. Formal requirements; statute of frauds

Link to law: http://legislature.vermont.gov/statutes/section/09A/002/00201
Published: 2015

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The Vermont Statutes Online



Title

09A

:
Uniform Commercial Code






Chapter

002

:
Sales











 

§

2-201. Formal requirements; statute of frauds

(1) Except as

otherwise provided in this section a contract for the sale of goods for the

price of $500 or more is not enforceable by way of action or defense unless

there is some writing sufficient to indicate that a contract for sale has been

made between the parties and signed by the party against whom enforcement is

sought or by his authorized agent or broker. A writing is not insufficient

because it omits or incorrectly states a term agreed upon but the contract is

not enforceable under this paragraph beyond the quantity of goods shown in such

writing.

(2) Between

merchants if within a reasonable time a writing in confirmation of the contract

and sufficient against the sender is received and the party receiving it has

reason to know its contents, it satisfies the requirements of subsection (1)

against such party unless written notice of objection to its contents is given

within ten days after it is received.

(3) A contract

which does not satisfy the requirements of subsection (1) but which is valid in

other respects is enforceable:

(a) if the goods

are to be specially manufactured for the buyer and are not suitable for sale to

others in the ordinary course of the seller's business and the seller, before

notice of repudiation is received and under circumstances which reasonably

indicate that the goods are for the buyer, has made either a substantial

beginning of their manufacture or commitments for their procurement; or

(b) if the party

against whom enforcement is sought admits in his pleading, testimony or

otherwise in court that a contract for sale was made, but the contract is not

enforceable under this provision beyond the quantity of goods admitted; or

(c) with respect

to goods for which payment has been made and accepted or which have been

received and accepted (§ 2-606).
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