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An Oral Agreement to Sell Goods is Enforceable Under an Exception in U.C.C. 2.201's Statute of Frauds When the Party Against Whom Enforcement is Sought Admits in Pleading, Testimony or Otherwise in Court That a Contract for Sale was Made. An Aggrieved Buyer Learns of the Breach a Commercially Reasonable Time After Learning of the Seller's Anticipatory Repudiation.
In Turner v. NJN Cotton Co., the Eastland Court of Appeals (the Court) affirmed the Dawson County District Court’s (the Trial Court) judgment on a jury verdict for the buyer and against a producer of cotton for the crop year 2010. Specifically, the Court held that the producer, Larry Turner (Turner), was contractually obligated under an oral forward contract to sell his 2010 cotton crop to the buyer, NJN Cotton Company (NJN).