A Lessor and Lessee Orally Agree to a Lease of Goods

Multiple Choice

A lessor and lessee orally agree to a lease of goods in the amount of $400 per month.The lease is later modified to $600 per month.Must the modification be in writing?

A) No; the original lease was already in effect.
B) No; oral contracts in this amount are common.
C) Yes; every modification must be in writing.
D) Yes; a lack of writing would violate the Statute of Frauds.