In February or March, Corning Glass Works orally agreed to retain Hanan as a management consultant from May 1 of that year to April 30 of the next year for a present value fee of $200,000. Was the agreement binding? Is this decision ethical? (Hanan v. Corning Glass Works, 314 N.Y.S.2d 804 ) PLEASE RESPOND IN IRAC FORMAT. (SEE: Statute of Frauds)