The Doctrine of Part Performance as It Relates to the Statute

question 70

Multiple Choice

The doctrine of part performance as it relates to the Statute of Frauds means that

• A)if the plaintiff can show that it has partly performed a contract,then the defendant will have to pay for the portion of the contract performed.
• B)a defendant who partly performs an oral contract is entitled to enforce the oral contract.
• C)if a plaintiff can show that he or she has partly performed an oral contract concerning land in reliance on the contract,the court will accept the part performance as evidence of the contract in place of the written contract.
• D)a plaintiff who partly performs an oral contract is entitled to rely on such performance as evidence of the contract.
• E)if a plaintiff can show that he or she has performed part of any oral contract,the court will accept such part performance as evidence of the contract in place of the written contract.

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Definitions:

Profit

The financial gain achieved when the revenue earned from selling goods or services exceeds the costs associated with their production and distribution.

Production Function

An equation or formula that specifies the output a firm can produce with varying combinations of inputs or factors of production.

Proportions

The relative relationship in size, quantity, or degree between two or more things.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.