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Farmer A orally agrees to rent his chicken incubators to farmer B for a period of two years for a total of $500. At the

Farmer A orally agrees to rent his chicken incubators to farmer B for a period of two years for a total of $500. At the end of the two year period, farmer B returns the chicken incubators but refuses to pay farmer A the $500.

  1. Do the parties have an enforceable contract?
  2. Does the Statue of Frauds apply to this transaction?
  3. Can farmer A recover from farmer B rent for use of the incubators?
  4. What are farmer As losses?

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