Ruth made an oral agreement to sell her used bicycle to Mike for $400. A few days later, she got an offer of $600 from Paul and orally accepted this higher offer. Prior to delivering the bicycle, Ruth decided she did not want to sell it anymore. Both mike and Paul sued her for breach of contract. A)what will the court do?
B) is this decision fair? Explain your answer.
C) how would the case be different if the agreement with Paul were in writing
D) Do either of these agreements violate the Statute of Frauds? Why or why not?
E)if these agreements were for the purchase of a house, would they violate the Statute of Frauds? Why or why not?