Does World need its agreement with Alexander and Maxwell to be in writing? Discuss all issues.

Th e Museum of Modern Art hires World Construction and Alexander and Maxwell Architecture to build a modern replica of the Statute of Liberty to display at the Museum. Th ey agree that the Museum will pay $500,000 with a replica to be delivered 18 months from the date of their agreement. Th ere is no written document other than two letters setting forth the general terms and conditions of the project. World is concerned that it does not have a document indicating its share of the payment from the museum. Alexander and Maxwell agreed to pay $330,000 to build the replica. Does World need its agreement with Alexander and Maxwell to be in writing? Discuss all issues.