Which of the Following Statements Is True About the Doctrine

question 39

Multiple Choice

Which of the following statements is true about the doctrine of Part Performance?

• A) Its application makes an otherwise unenforceable contract enforceable.
• B) It applies to contracts concerning land only.
• C) It limits the effect of the Statute of Frauds.
• D) The acts relied upon by the courts must be unequivocally related to the alleged contract.
• E) all of the above

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Definitions:

Over-optimism

The tendency to overestimate the likelihood of positive outcomes in the future.

Consumer

An individual or group that purchases goods or services for personal use.

Perceived Budget Line

A graphical representation of all possible combinations of goods that a consumer can purchase with a given budget, based on their perception of available resources.

Equilibrium

A state in which economic forces such as supply and demand are balanced and in the absence of external influences, the values of economic variables will not change.