Pacific Applications, Inc., and Quality Resale Company (QRC) enter into an oral contract for Pacific's sale to QRC of six used forklifts for $1,900 each. Before QRC takes posses?sion of the items, this contract is enforceable by
A) either party.
B) neither party.
C) Pacific only.
D) QRC only.

Question

Quizplus · Accepted Answer

The oral contract is unenforceable as it violates the statute of frauds since it involves the sale of goods for over $500. Therefore, neither party can enforce the contract.