Wade and Jessi Have an Oral Contract to Buy and Sell

question 71

Multiple Choice

Wade and Jessi have an oral contract to buy and sell Wade's car for $15,000. After Jessi has paid the money and received possession and title to the car, she is having second thoughts about buying the car.

• A)The statute of frauds will give Jessi a defense.
• B)The statute of frauds will not give Jessi a defense.
• C)The UCC's statute of frauds will give Jessi a defense.
• D)There is sufficient writing here; the statute of frauds does not apply.

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