Eustace and Durango Oil Company enter into an oral contract under which Eustace agrees to work on a Durango oil rig for not less than six months.This contract is enforce?able by

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Quizplus · Accepted Answer

The oral contract is not enforceable because it violates the statute of frauds, which requires certain contracts, including contracts for the sale of goods over $500 and contracts that cannot be performed in one year, to be in writing. In this case, the contract cannot be performed within one year, so it must be in writing to be enforceable.

Eustace and Durango Oil Company Enter into an Oral Contract