Leonard C. Pratt Co. v. Roseman

The issue on this appeal is whether the written memorandum on which defendant relies to defeat plaintiff’s claim for the agreed price of merchandise sold and delivered to defendant is unenforcible under the Statute of Frauds* because essential terms of an agreement are omitted and left for future negotiation.

On April 11, 1939, plaintiff sold defendant 10,000 pounds of yarn for the agreed price of $13,286.32 on a credit to defendant expiring September 9, 1939, and concededly completed delivery by June 16, 1939. Payment not having been made when due, plaintiff instituted this action for the…