The Part Performance Exception for Contracts Involving the Sale of an Interest

question 84

Multiple Choice

The part performance exception for contracts involving the sale of an interest in land provides that which of the following is true?

• A) The parol evidence rule does not apply.
• B) The contract will be enforced despite the fact that it is not in writing.
• C) Where multiple parties share the performance obligations,the contract need not be in writing.
• D) Once a contract has been partially performed,it must be put in writing if that has not already happened.
• E) Contracts cannot be partly performed until they are put in writing.

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Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

Contract

A binding legal arrangement agreed upon by two or more parties, enforceable through legal action.

Prestigious

Held in high esteem or regard; indicative of or conferring prestige or distinction.

Legal Age

The age at which an individual is recognized by law as being capable of assuming certain rights and responsibilities.