Business hires Michelangelo $("$Mikey$")$ to paint a mural. Business and Mikey orally agreed upon $$10,000$ to get the job done by Monday. Working at lightning speed, Mikey finishes the work by Monday. If Business refuses to pay:

Business will be liable for breach of contract because a quasi$-$contract was created.

Business will not be liable for breach since it violates the statute of frauds.

Business will be liable for breach of contract because he failed to perform his promise under the contract.

Business will not be liable for breach since the contract violates the statute of limitations$.$