Final answer:
The oral agreement between Chandler and Joey is generally enforceable because the work could be completed within a year, despite the 18-month term they agreed upon.
Step-by-step explanation:
The question pertains to an oral agreement between Chandler and Joey, where Joey is to restore Chandler's old car for $800 within 18 months, even though the work could actually be completed within 12 months. In the context of contract law, the enforceability of an oral agreement depends on the Statute of Frauds, which requires certain types of contracts to be in writing to be enforceable.
However, since the work could be completed within a year, the Statute of Frauds typically does not require such an agreement to be in writing. Thus, the oral agreement between Chandler and Joey would generally be considered enforceable because it could be performed within one year, despite the 18-month term verbally agreed upon. It is important, however, to note that oral agreements can lead to uncertainties and disputes, and it is often advisable to have written contracts for clarity and legal certainty.