Equipment Rental Corporation and Family Farm, Inc., are parties to an oral agreement for a lease of goods with payments in excess of $10,000. They may satisfy the Statute of Frauds by
A. mutually agreeing not to commit fraud.
B. restating the terms in a phone call.
C. setting out the terms in an e-mail.
D. shaking hands on the deal.
Answer:C
Equipment Rental Corporation and Family Farm, Inc., are parties to an oral agreement for a lease of goods with payments in excess of $10,000. They may satisfy the Statute of Frauds by
A. mutually agreeing not to commit fraud. B. restating the terms in a phone call. C. setting out the terms in an e-mail. D. shaking hands on the deal.