The Exception to the Statute of Frauds,which Allows an Oral

question 58

Multiple Choice

The exception to the Statute of Frauds,which allows an oral contract for the transfer of land to be enforced,if the buyer has either paid for the land or taken possession of the land is called the ________ exception.

• A) parol evidence
• B) equal dignity
• C) promissory estoppel
• D) part performance
• E) novation

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Definitions:

Optimal Solution

An optimal solution is the most efficient, effective, or achievable answer or resolution to a problem, often found through methods of optimization.

Sources

The origins from which something is obtained or derived, often used in reference to gathering information or materials.

Destinations

The intended end points or locations where goods or travelers are headed.

Degeneracy

In operations research, this refers to a situation where a linear programming problem has more than one optimal solution path, possibly leading to an indefinite number of solutions.