Does the agreement to rent the RV for $6,000 fall outside the statute of frauds and, thus, would likely be enforceable against Rudi?

A) No, because the agreement is for the sale of goods over $500, which is within the statute of frauds and must be in writing.
B) No, because the agreement involved the lease of goods and must be in writing.
C) Yes, because the agreement involved the lease of goods, which need not be in writing
D) Yes, because the contract can be performed within one year.
E) No, because the contract may not be performed within one year.

Question

Anthonie Gallego · Accepted Answer

Final Answer : B, Explanation :  The agreement involved the lease of goods (the RV), which typically requires a written contract under the statute of frauds if the value is over a certain amount, such as $500.

Definitions

Learning Objectives

Learning Objectives

Related questions