Lucas, the owner of a movie theatre, agrees to let Sadie sell popcorn, candy and soft drinks from a small room opening off of the lobby. The oral agreement between Lucas and Sadie provided that Sadie may only use the room while there is a movie in progress and that for this right Sadie will pay a monthly fee of $500. Which of the following statement is TRUE?

1. (1)The agreement between Lucas and Sadie is probably a licence because Sadie is not given exclusive possession of the room by Lucas.
2. (2)The agreement between Lucas and Sadie, if a licence, is not enforceable against a bonafide purchaser of the theatre.
3. (3)The agreement between Lucas and Sadie, should be in writing and signed by both parties to ensure that it is enforceable.
4. (4)All of the above statements are true.