Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

Exercise 10

The Roc Co. entered into an oral contract to pay Willis and Associates, a certified public accounting firm, $35,000 to perform a complete audit of its accounting records. The report was to cover a period of ten months but due fourteen months from now. Willis agreed orally to perform the audit and to begin within three months. Regardless of the delay in beginning the audit, Willis agreed to meet the fourteen-month deadline for completion. Does the contract fall within the statute of frauds?