Chris agrees to purchase a used car from Jane for $4,000 next year when her lease is over. Jane writes a receipt that details the car's make, model, and price and both parties sign it. Is this agreement subject to the statute of frauds?
a. Yes, because car sales agreements are always subject to the statute of frauds.
b. Yes, only if the car price exceeds $10,000.
c. No, as long as the car price is under $5,000.
d. No, because a signed receipt constitutes a written agreement. The statute has been satisfied.
