Francine buys a new business-law textbook for $125 and a used car for $6,000. She also signs a one-year lease for an apartment for $700 monthly rent 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 those for the sale of goods over $500 and leases longer than one year. The car purchase exceeds $500, and the lease is for one year, so both are covered. The textbook purchase is not covered as it is not over $500.

Francine Buys a New Business-Law Textbook for $125 and a Used