Allen and Bob complete an oral contract for the sale of land from Allen to Bob for $100,000. Bob pays Allen the $100,000 and then begins to build a home on the land. At this point, Allen says that the deal is off and refuses to convey the deed to Bob. In doing so, Allen relies on the statute of frauds as a defense saying that contracts for the sale of land must be in writing and since this contract is not in writing it is unenforceable. First, explain the application of the statute of frauds to land sales. Second, state the legal issue, apply the law and reach a conclusion as to what will happen. Answer completely.