Which of the following is a true statement?

1.As a general rule, if the Statute of Frauds requires a contract to be evidenced by a writing an oral contract will be unenforceable.

2.The "part performance" exception to the Statute of Frauds may permit an oral contract for the sale of land to be enforced merely if part of the purchase price is paid.

3.A mortgage represents an interest in personal property and thus can be oral.

4.A contract for lifetime employment must be in writing to be enforceable since usually if will be for a long time.