Multiple Choice
[RV and bike deal] For his retirement, Milton wants to rent an RV and spend the summer travelling out West. Milton stops by Rudi's RV Heaven and Rudi tells him that he could rent an RV for the summer for $6,000. Milton, who had already researched rental costs, told Rudi he would agree to the price and also wanted to buy two of the bicycles Rudi showed him that were $100 each. Milton and Rudi shook hands and Milton said he would return the next day. When Milton returned, Rudi had the bicycles ready to go, but told Milton that the price for the RV was $8,000, not $6,000. Milton tells him that he cannot change the price because they had an enforceable agreement. Milton also tells him that he will not buy the bicycles, but Rudi tells him the agreement about the bicycles is enforceable and he wants Milton to pay him.
-Does the agreement to purchase the bicycles for $100 each fall outside the statute of frauds and, thus, would likely be enforceable against Milton?
A) No, because the agreement is for the sale of goods over $500, which is within the statute of frauds and must be in writing.
B) No, because the agreement involved the lease of goods and must be in writing.
C) Yes, because the agreement involved the lease of goods, which need not be in writing.
D) Yes, because the contract can be performed within one year.
E) Yes, because the agreement is for the sale of goods under $500, which need not be in writing.
Correct Answer:

Verified
Correct Answer:
Verified
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