Abon purchases $500$ books with a total value of $$2000\mathrm{.}00$ from the Narnes and Boble Online bookstore. Abon uses an "electronic" signature feature on the website to acknowledge acceptance of the terms of the agreement. When the books are delivered to Abon, he refuses to accept delivery stating that no enforceable contract existed according to the statute of frauds of the UCC. Which statement below is correct about the transaction according to the UCC statute of frauds?

The agreement does not need to be in writing as the UCC statute of frauds only requires that a sale of good valued over $$5000\mathrm{.}00$ must be in writing.

This agreement does satisfy the writing requirement of the UCC as electronic signatures are sufficient.

The agreement did not satisfy the requirements of statute of frauds as an electronic signature UCC does not recognize electronic signatures.

The agreement does satisfy the writing requirement of the UCC if Abon understood the terms of the agreement.