Evaluate the following facts and then answer the following questions:
Day 1$\quad$$\quad$S sends a letter to B with the following: "I will sell you my Play Station 3 for $150 when I get my new Play Station."
Day 2$\quad$$\quad$B receives the letter and responds,"I will take the Play Station for $150."
-The communication between S and B must be evidenced by a record if any rights related to the exchange can be enforced.

Question

Quizplus · Accepted Answer

The sale of goods priced at $500 or more requires a written contract under the Statute of Frauds, but a Play Station 3 for $150 does not meet this threshold, so a written record is not necessary for enforceability.

Evaluate the Following Facts and Then Answer the Following Questions \quad

Evaluate the Following Facts and Then Answer the Following Questions $\quad$