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T OR F 1,Bearer paper is transferred by delivery whereas order paper is transferred by signature and delivery. 2,A merchant who contracts orally with another

T OR F

1,"Bearer" paper is transferred by delivery whereas "order" paper is transferred by signature and delivery.

2,A merchant who contracts orally with another merchant can satisfy the statute of frauds requirement by sending a written confirmation to the other merchant even though it is not signed by the party charged unless written notice of objection to its contents is given

3,The parol evidence rule prevents the introduction of prior, contemporaneous or subsequent agreements that may vary or contradict the final written contract

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