1. Keiko sends a letter to Sergei, offering to purchase 200 lie detectors at a price of $300 apiece. In her letter, she specifies that Sergei would purchase insurance to cover the risk of loss during transit. Sergei replies by mail, accepting the offer but stating that Keiko, rather than Sergei, will purchase the insurance. Because Sergei's reply is not a "mirror image" of Keiko's offer, it is not an acceptance. It is a counteroffer pursuant to the UCC. True or false
2. Isabella, a nonmerchant, makes an oral agreement with Xavier, another nonmerchant, to purchase goods worth more than $500. Later, Xavier sends Isabella a letter confirming the terms of their agreement. Isabella does not reply to this letter, and three weeks later Xavier ships the goods. Isabella refuses to accept delivery, and Xavier sues for breach. Because there is no writing, the contract is not enforceable under the statute of frauds. True or False
3. A purchasing agent for Tirco, a merchant, made an oral agreement with Hutchinson, another merchant, to purchase goods worth $1,000. Hutchinson sent Tirco a letter confirming the terms of their agreement. Tirco did not reply to this letter, and three weeks later Hutchinson shipped the goods. Tirco refused to accept delivery, and Hutchinson sued for breach. The contract between Tirco and Hutchinson is enforceable under the statute of frauds. True or False
4. If a merchant gives a signed written promise to keep an offer open for a specified time, he or she may not then revoke the offer during the time promised. True or False
5. The Statute of Frauds requires that a contract for the sale of goods for $500 or more must be evidenced by a writing in order for it to be enforceable. True or false