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Two merchants orally agreed that a wholesaler would sell 600 cases of olive oil to a grocer for $18 per case. The wholesaler sent a signed written confirmation the next day. The grocer received it, had reason to know its contents, and did not send any written objection until day 15.
Which statement is most accurate under UCC 2-201?

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The confirmation binds the recipient only if the price is under $500. The confirmation binds the recipient only if the recipient is not a merchant. The confirmation binds the recipient only if the goods have already been delivered. Between merchants, a sufficient written confirmation received within a reasonable time can satisfy the statute against the recipient unless written objection is made within 10 days after receipt.

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