Sammy Entered into an Oral Contract with Macaulay for the Sale

question 1

Multiple Choice

Sammy entered into an oral contract with Macaulay for the sale of goods amounting to $900.Sammy paid the amount.But Macaulay refused to deliver the goods.Sammy thus suffered serious losses due to Macaulay's breach of contract.Sammy sued Macaulay.At the same time Macaulay took the defense under statute of frauds.Under which principle is Sammy protected?

• A)Tortious liability
• B)Vicarious liability
• C)Part performance
• D)Promissory estoppel

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Definitions:

Trend Line

A line graphed in a scatter plot to show the general direction of a dataset over time.

Quarterly Data

Data that is collected, reported, or compiled at three-month intervals, often used in financial and economic analysis to track seasonal patterns and short-term trends.

Seasonal Indexes

Numerical values that represent the relative level of seasonal influence on a variable, often used to adjust data for seasonal effects.

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Data that has been modified to remove effects of seasonal patterns to provide a clearer view of non-seasonal trends.