If Johnny made an oral contract with Peter to sell Peter his truck for $15,000,Johnny's eventual refusal to sell the truck is considered breach of contract.

Name: If Johnny made an oral contract with Peter to sell Peter his truck for $15,000,Johnny's eventual refusal to sell the truck is considered breach of contract.
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An oral contract for the sale of goods over $500 is generally unenforceable under the Statute of Frauds, which requires such contracts to be in writing.

If Johnny Made an Oral Contract with Peter to Sell