Lem buys a used MP3 player for $50 and a new air hockey table for $1,500,and signs a one-year employment contract for a $4,000 monthly salary to start at the beginning of the next month.The Statute of Frauds covers

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The Statute of Frauds requires certain contracts to be in writing, including contracts for the sale of goods over $500 and contracts that cannot be performed within one year, such as the employment contract. The MP3 player purchase is not covered as it is under $500.

Lem Buys a Used MP3 Player for $50 and a New