Sierra Lumber Company and Recycle & Resale,Inc. , (R&R)enter into an oral contract for Sierra's sale to R&R of six used forklifts for $2,900 each.Before R&R takes posses?sion of the goods,this contract is enforceable by

Question

Quizplus · Accepted Answer

Under the Statute of Frauds, contracts for the sale of goods priced at $500 or more must be in writing to be enforceable. Since this is an oral contract for goods totaling more than $500, it is not enforceable by either party.