Question 2 2 pts Kevin borrows $10,000 from Paul and orally agrees to repay him in five annual installments of $2,000. P

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Question 2 2 Pts Kevin Borrows 10 000 From Paul And Orally Agrees To Repay Him In Five Annual Installments Of 2 000 P 1 (57.28 KiB) Viewed 34 times

Question 2 2 pts Kevin borrows $10,000 from Paul and orally agrees to repay him in five annual installments of $2,000. Paul provided the full $10,000 to Kevin. In the second year, when Kevin fails to make a payment, Paul sues. Most courts would hold: O the oral contract is unenforceable because it cannot be performed within one year and Paul is out of luck O the oral contract is enforceable only through the doctrine of res ispa loquiter 0 Article 2 of the UCC controls this loan the oral contract is enforceable because Paul fully performed his obligation under the contract