H's-humu- I .- Suppose Merchant Big Buyer enters into a verbal negotiation with Merchant Slick Seller for the sale of goods greater than $500. The following 2 questions deal with variations on this scenario. At the conclusion of their verbal negotiations, Big Buyer sends a signed written oonrming memo that states in full: "This is to conrm our understanding for the sale of 10.000 of your type 1 widgets. at the usual price. and usual delivery terms."l Under the UCC, which statement best describes whether the contract is enforceable? Correct Answer 1) Yes because it specied the quantity and is signed by the party to be charged as is required by the U02. 2) No because there are not enough specic terms by the UCC 3) No because it is not a formal document, witnessed by two parties. Incorrect Response 4) None of the above