40 ) AS A GENERAL RULE , AN ORAL CONTRACT THAT IS REQUIRED BY THE STATUTE OF FRAUDS TO BE IN WRITING IS ( A ) ILLEGAL ( 1 ) UNENFORCEABLE 10 ) CONTRARY TO PUBLIC POLICY ( D ) VOIDABLE ( E ) VOID 41 ) ON SEPTEMBER IS TAYLOR OFFERS TO SELL A TRACT OF LAND TO SMITH FOR 5300 000 . THE OFFER STATES THAT ACCEPTANCE MUST BE RECEIVED BY TAYLOR ON OR BEFORE SEPTEMBER 30 . UNDER THE CIRCUMSTANCES , THE OFFER -.. ( A ) MAY NOT BE WITHDRAWN PRIOR TO SEPTEMBER 30 ( B ) IS VALIDLY ACCEPTED IF MAILED AND POSTMARKED SEPTEMBER 30 ( C ) MAY BE WITHDRAWN AT ANY TIME ( D ) DOES NOT COME UNDER THE STATUTE OF FRAUDS 42 ) SELECT THE MOST CORRECT STATEMENT ( A) WHEN TWO PARTIES HAVE ENTERED INTO A WRITTEN CONTRACT AND THEY SUBSEQUENTLY ORALLY AGREE TO ALTER THE TERMS OF THE WRITTEN CONTRACT , THE ORAL AGREEMENT WILL BE ADMISSIBLE IN EVIDENCE ( B ) WHEN TWO PARTIES , DURING THE NEGOTIATIONS LEADING TO A WRITTEN CONTRACT ORALLY AGREE THAT THE CONTRACT SHALL NOT BE BINDING ON EITHER PARTY UNLESS A SPECIFIED EVENT HAPPENS , THE ORAL AGREEMENT WILL BE INADMISSIBLE IN EVIDENCE BECAUSE OF THE STATUTE OF FRAUDS (C) IF A PARTY WISHED TO PROVE THAT HE HAD BEEN INDUCED TO ENTER INTO A CONTRACT BY REASON OF FRAUDULENT REPRESENTATIONS ORALLY MADE , THIS EVIDENCE WOULD BE INADMISSIBLE IN EVIDENCE 43 ) . IN AN ASSIGNMENT ( A ) CONSIDERATION IS REQUIRED ( B ) THE CONTRACT MUST BE IN WRITING (C ) THE CONSENT OF THE OTHER PARTY ALWAYS IS REQUIRED ( D ) NO PARTICULAR FORMALITY IS REQUIRED