Alvin's Department Store agrees over the telephone to purchase $1,000 worth of blankets from Blanket Emporium. Blanket Emporium sends an invoice for the blankets before shipping them, and Alvin's Department Store refuses to go forward with the deal, saying their deal is not a valid contract. The oral agreement between Blanket Emporium and Alvin's Department Store for the purchase of $1,000 worth of blankets: does not violate the statute of frauds because it can be completed within one year. does not violate the statute of frauds, and is, therefore, enforceable. does not violate the statute of frauds because it is not for the sale of real estate. violates the statute of frauds, and is, therefore, unenforceable