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| King sent Foster, a real estate developer, a signed offer to sell a specified parcel of land to Foster for $200,000. King, an engineer, had inherited the land. On the same day that King’s letter was received, Foster telephoned King and accepted the offer. Which of the following statements is correct under the Statute of Frauds? A. No contract was formed because King is not a merchant, and, therefore, King’s letter is not binding on Foster. B. A contract was formed and would be enforceable against both King and Foster because Foster is a merchant. C. A contract was formed, although it would be enforceable only against King. D. No contract was formed because Foster did not sign the offer. |