Buyer and Seller Enter into an Agreement on April 26

Multiple Choice

Buyer and Seller enter into an agreement on April 26 for the sale of a piece of equipment for $595.This agreement is in writing and calls for delivery and payment on June 1.On May 10,the Buyer and Seller orally agree to reduce the price to $495 because the Buyer has agreed to delay the delivery date to July 1.Which of the following is true?

A) The modified agreement is enforceable even though it was an oral modification to a written contract.
B) The parol evidence rule would prohibit the introduction of evidence of the contract modification.
C) The modified agreement is unenforceable because it is lacking consideration.
D) The modified agreement is enforceable because it was made within one year of the date that the original contract was executed.