Mr. Green and Mr. Blue contract orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt with the price, quantity, and exact kind of widget being sold, on company letterhead displaying their logo one week later. If Mr. Green now refuses to recognize the agreement and when sued, raises the Statute of Frauds as his defense, what will a court decide? That a memorandum of agreement that satisfies the statute of frauds was created by the receipt sent by Mr. Blue and therefore, an enforceable agreement exists There is no enforceable agreement because the receipt was not sent at the same time as the agreement That no enforceable agreement exists because according to the statute of frauds the writing must be in the form of a typed agreement signed by both parties which contains their full and complete understanding and nothing less will do. The agreement is not enforceable because the Secretary of State did not approve the agreement