Sam, a shopkeeper, dies unexpectedly at the age of 46. His lifelong business associate, Paul, is appointed the administrator of the estate. Sam had a personal debt of $8,000 which he owed to Art's Appliance Store. Paul said to Art, "If there isn't enough money in the estate, I'll personally see that the bill is paid." Which of the following is true regarding the statute of frauds? Group of answer choices An oral statement such as this is not enforceable because it is outside the statute of frauds. The An oral statement such as this is not enforceable because it is within the statute of frauds and should be written. The oral statement is enforceable because it is a collateral promise. The oral agreement is enforceable because Paul is the administrator.