Atlantic Applications,Inc.,and Pacific Resale Company (PRC) enter into an oral contract for Atlantic's sale to PRC of six used forklifts for $1,900 each.Before PRC takes posses-sion of the items,this contract is enforce-able by
A)either party.
B)neither party.
C)Atlantic only.
D)PRC only.

Question

Quizplus · Accepted Answer

The contract is not enforceable by either party because it is for the sale of goods for a price of $500 or more, which falls under the statute of frauds and requires a written contract to be enforceable. Since there is only an oral agreement, the contract is not enforceable.