Define the Following Terms

question 8

Short Answer

Define the following terms
-interpretation

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Definitions:

Statute of Frauds

A legal principle requiring certain types of contracts to be in written form in order to be enforceable.

Specific Performance

A legal remedy in contract law where a court orders a party to perform their obligations under a contract, rather than just paying damages for failure to do so.

Oral Agreement

A contract or agreement made through spoken words rather than in written form which can be legally binding in certain circumstances.

Part Performance

A legal principle that allows an incomplete contract to be enforced if one party has taken significant actions based on the agreement, demonstrating the existence of the contract.