Bob and Nathan enter into an oral agreement for the sale of Bob's leather office chair and antique coat rack to Nathan for $525. Later, Bob and Nathan agree that Bob will keep the coat rack and sell the chair to Nathan for $450. When Nathan shows up at Bob's house, Bob says he doesn't have to go through with the contract because the contract was not in writing. Nathan files a lawsuit for breach of contract. Who will win and why?

	A.	Bob will win because the common law of contracts applies and there is a statute of frauds requirement that the contract be in writing.
	B.	Nathan will win because the common law of contracts applies and there is no statute of frauds requirement that the contract be in writing.
	C.	Nathan will win because the UCC applies and the contract, as modified, was under $500.
	D.	Bob will win the because the UCC applies and the original contract was for over $500.