The Uniform Commercial Code $($UCC$)$ recognizes an exception to the statute of frauds when parties admit that a sales or lease contract was made. This means that if there was an oral agreement for the sale or lease of goods and the defendant were to admit the parties had a contract between them, Blank$\_\_\_\_\_\_.$

Multiple choice question.

the statute of limitations can be used successfully to enforce the oral contract

the defendant could not use the statute of frauds to prevent enforcement of the oral contract

the contract is nevertheless void since it is not in writing

the contract is considered fraudulent