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The problem is that he had set the precedent. If you have the clear precedent that the text is only acknowledging that the contract is ready for you to look over then the judge would've likely ruled the other way.
If you're diligent that you always properly actually sign the contracts, that you're never giving final confirmation by way of a one word text. Then it's unlikely you'd get legally binding in this situation.
Besides, in this case the farmer was definitely in the wrong. He was trying to pull a sneaky because the cash price was over double the contract price at time of delivery. It wouldn't be any different if he had properly signed the contract except that he couldn't try the "but I never actually signed it" excuse.
He should've just ate the contract cancelation fee if he wanted to ride the crazy price. Plenty of other people did just that and there was minimal legal shenanigans involved.
I think people need to have notorized signatures for it to be a legally binding agreement. He should be free to change his mind on anything that doesn't have his notorized signature, regardless of the past.
This is the price of casual business dealing, and many people have had to eat it in order to learn.
Always get things in writing. A notorized signature for all important business dealings.
Then you thought wrong. The vast majority of the time notarized signatures are unnecessary. Adding that as a base requirement of all legal contracts is a terrible idea. Did you get a notarized signature last time you bought or sold your car (either with a dealership or privately). Because if not then you already failed to meet that standard.
I agree that letting things get so casual as to start "signing" by text is a bad thing. Handshake agreements are things you do with your neighbors, not with large businesses. But requiring a notary for every contract is going too far in the other direction.