Question $2(5$ points$)$

$$

Kemal, who is $60$ years old and in good health, makes a verbal offer to his nephew Rakin, asking that Rakin take care of Kemal for the rest of Kemal$$s life. In return, Kemal will pay Rakin $$15,000$ per year, plus all of his living expenses. Rakin agrees. If nothing reflecting this agreement is written down, is there an enforceable contract?

Question $2$ options:

$1)$

No$,$ because there was no consideration.

$2)$

No$,$ because it will take longer than one year to perform, so it must be written down.

$3)$

No$,$ because it involves the sale of goods worth more than $$500,$ so it must be written down.

$4)$

Yes, because it could be performed in less than one year.