Kate orally agreed with Sally on April 1 that she would pick up Sallys children after school beginning on September 1 of the current year and running through May 31 of the next year, a period of nine months, for the sum of $30 per day. On May 1, Kate got a better job offer and told Sally that she would not pick up the children after all. Which of the following is true regarding the effect of the statute of frauds on the agreement, if any?

Multiple Choice

The statute of frauds applies because contracts involving the care of minors or those under some other type of incapacity come within the terms of the statute of frauds, and the one-year period is computed from the time the contract comes into existence.

The statute of frauds is inapplicable because although contracts involving the care of minors or those under some other type of incapacity come within the terms of the statute of frauds, the one-year period is computed from the time performance is to begin on the contract.

The statute of frauds applies because bilateral contracts not capable of being performed within one year come within its terms, and the one-year period is computed from the time the contract comes into existence.

The statute of frauds is inapplicable because although bil