What is required to meet the writing requirement of the Statute of Frauds under the UCC?

A) In cases where at least one party is a merchant, either a writing signed by the party to be
charged or a written confirmation of an oral agreement that is sent to the merchant and
not objected to by the merchant. In transactions not involving a merchant, a writing
signed by the person to be charged
B) In all cases, a writing signed by the party to be charged
C) In all cases, a writing signed by all parties to the contract
D) In cases where both parties are merchants, a writing signed by the party to be charged or a
written confirmation of an oral agreement that is sent by one party to the other and not
objected to by the other party. In all other transactions, a writing signed by the party to be
charged

D

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What will be an ideal response?

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In this scheme, the buyer borrows the down payment from the seller and does not disclose this second mortgage to the primary lender. This is an example of what type of fraud case?

A. Air loan B. Credit product C. Silent second D. Equity skimming

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