Otto orally agrees to install three wells for Green Space Energy over the next eighteen months. When the three wells are completed, Green Space Energy will pay Otto $10,000. After the first well is completed, Green Space Energy tells Otto that it does not want any more wells. Green Space Energy refuses to pay Otto for the first well, claiming that the contract was not in writing and, therefore, not enforceable. If Otto sues Green Space Energy to enforce the contract:
-Green Space Energy will not have to pay Otto anything because the contract was for real estate.
-Green Space Energy will have to pay Otto a reasonable price for the one well that was installed.
-Green Space Energy will have to pay Otto the full contract price because Green Space Energy breached the contract.
-Green Space Energy will not have to pay Otto anything, because the contract could not be completed within one year.
