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:

Variable Costs

Expenditures that fluctuate based on the volume of output or services provided by an enterprise.

Break-Even Point

The point at which total costs and total revenue are equal, leading to neither profit nor loss.

Sales Mix

Sales mix refers to the proportion of different products or services that a company sells, significantly impacting its overall profitability.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much revenue contributes to fixed costs and profits.