Schreiner, a cotton farmer, agreed over the telephone to sell 150 bales of cotton to Loeb &
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Schreiner, a cotton farmer, agreed over the telephone to sell 150 bales of cotton to Loeb & Co. Schreiner had sold cotton to Loeb & Co. for the past five years. Written confirmation of the date, parties, price, and conditions was mailed to Schreiner, who did not respond to the confirmation in any way. Four months later, when the price of cotton had doubled, Loeb &
Co. sought to enforce the contract. Schreiner argues that he is not a merchant. Explain whether the contract is enforceable.
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Essentials Of Business Law And The Legal Environment
ISBN: 9781337555180
13th Edition
Authors: Richard A Mann, Barry S Roberts
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