Under the UCC, an Oral Contract Subject to the Statute

question 61

True/False

Under the UCC, an oral contract subject to the Statute of Frauds will be enforceable if there is evidence of partial performance.

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Definitions:

Cheating

The act of being dishonest or unfair in order to gain an advantage, often violating rules or expectations.

Simultaneous-Move Game

A type of game in strategic game theory where all players make their decisions at the same time without knowledge of the other players' choices.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, leading to a situation where all players' choices are optimal given the choices of others.

Sub-Optimal Outcomes

Results or situations that are less efficient or desirable than the best possible scenario.