(810 ILCS 5/2-201)
(from Ch. 26, par. 2-201)
Formal requirements; statute of frauds.
(1) Except as otherwise provided in this Section a contract for the sale
of goods for the price of $500 or more is not enforceable by way of action
or defense unless there is some writing sufficient to indicate that a
contract for sale has been made between the parties and signed by the party
against whom enforcement is sought or by his authorized agent or broker. A
writing is not insufficient because it omits or incorrectly states a term
agreed upon but the contract is not enforceable under this paragraph beyond
the quantity of goods shown in such writing.
(2) Between merchants if within a reasonable time a writing in
confirmation of the contract and sufficient against the sender is received
and the party receiving it has reason to know its contents, it satisfies
the requirements of subsection (1) against such party unless written notice
of objection to its contents is given within 10 days after it is received.
(3) A contract which does not satisfy the requirements of subsection (1)
but which is valid in other respects is enforceable
(a) if the goods are to be specially manufactured for
the buyer and are not suitable for sale to others in the ordinary course of the seller's business and the seller, before notice of repudiation is received and under circumstances which reasonably indicate that the goods are for the buyer, has made either a substantial beginning of their manufacture or commitments for their procurement; or
(b) if the party against whom enforcement is sought
admits in his pleading, testimony or otherwise in court that a contract for sale was made, but the contract is not enforceable under this provision beyond the quantity of goods admitted; or
(c) with respect to goods for which payment has been
made and accepted or which have been received and accepted (Section 2-606).
(Source: Laws 1961, 1st SS., p. 7