On Monday, Pioneer Rotary Telephone Company faxes a letter to a potential customer - Sue's Outdated Technology Mart. The letter simply indicates that Pioneer has fifty original Western Electric Model 500's for sale for $40 each and requests that Sue only pay the purchase price and the costs associated with shipping the phones to her store.

Sue received the offer on Monday afternoon and immediately faxed her acceptance back, "You have a deal. 30 days same as cash."

On Tuesday morning Pioneer's owner, John Public, called to revoke the offer but could not get ahold of her.

On Tuesday afternoon Pioneer finally received the fax of acceptance from Sue due to a glitch in the machine.

Pioneer says there is no contract and Sue asserts that there is.

Answer the following questions:

What law applies to this situation - common law or UCC? Why is this important? Explain your answers.

Have the parties formed a contract? Explain your answers.

If so, how might the Statute of Frauds impact this dispute, if at all? Explain your answer.