Enforceability of Oral Contracts
Bert and Carl enter into an oral contract under which Bert agrees to sell his restaurant to Carl. After Carl purchases new equipment and hires waitstaff, Bert decides to keep the restaurant. Which of the following statements is true regarding this contract?
AThe contract is likely enforceable.
BThe contract does not fall under the Statute of Frauds.
CFor Carl to enforce the contract against Bert, Carl must have signed the agreement.
DThe contract is enforceable only if it is evidenced in writing and signed by Bert.
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