A merchant buyer telephoned a merchant seller and placed an order for $3,000 worth of goods. The merchant seller promptly sent a written confirmation of the telephone conversation/agreement to the buyer. Two weeks later the seller shipped the goods. The buyer refused to accept the goods or to pay for them, denying that an enforceable contract exists due to the statute of frauds. In this case, which of the following statements is most accurate? The written confirmation sent by the seller is binding on the seller, but not on the buyer. The written confirmation sent by the seller is binding on the buyer, but not on the seller. The written confirmation is binding on both parties since both are merchants. The written confirmation is not binding on either party