On June 1, 2018, ABC Corporation verbally retained Neo consultants to only install a Matrix Computer network ("MCN") at ABC's at Los Angeles headquarters. The agreement provided that Neo was to complete the project no later than July 1, 2019. ABC agreed to pay Neo a total of $150,000 payable at the rate of $10,000 per month and the balance due upon completion. Neo verbally accepted this offer the same date it was made. In this situation, the contract is considered:

Select one:

a.

Valid and enforceable by either party

b.

Unenforceable because the completion date was more than one year away.

c.

Unenforceable under the statute of frauds because it was for more than $500.00.

d.

None of the above are correct.

Clear my choice