Whitewater Canyon Adventures,Inc.,and Xtra Overstock Company enter into an oral contract for Xtra's sale to Whitewater of five rafts for $2,000 each.Before Whitewater takes possession of the rafts,this contract is enforceable by

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Under the Statute of Frauds, contracts for the sale of goods priced at $500 or more must be in writing to be enforceable. Since this is an oral contract for $10,000, it is not enforceable by either party.