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

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The Statute of Frauds requires that contracts for the lease of goods with payments in excess of $10,000 must be in writing. To satisfy this requirement, the parties may set out the terms of the agreement in an e-mail, which will provide written evidence of the agreement. Mutually agreeing not to commit fraud or shaking hands on the deal does not satisfy the requirement for a written agreement, while restating the terms in a phone call does not provide a permanent record of the agreement.