A self-employed carpenter accepted an offer to work for a contractor on a full-scale
hotel renovation for a minimum of two years. Because the carpenter would be working
on the renovation for at least two years and would not need his own equipment, he
agreed to sell his table saw to a friend for $500. The carpenter then found a favorable
mortgage that permitted him to purchase the house he had been renting. The
mortgage was for a 15-year term, which allowed for an earlier payoff of the principal.
Feeling financially more secure than he had in some time, the carpenter treated
himself by purchasing a lifetime membership to a nearby gun club.
Under the statute of frauds, which of the carpenter's agreements does NOT require a
writing?
O The agreement to sell the table saw for $500.
The two-year employment contract for the hotel renovation.
The lifetime membership to the gun club.
The 15-year mortgage agreement that allowed for an earlier payoff of the principal.
