Contracts
In Florida, the legal doctrine of 'part performance' may allow enforcement of an oral real estate contract when:
AThe seller has accepted a deposit check
BThe buyer has taken possession, paid consideration, and made improvements in reliance on the oral agreement✓ Correct
CBoth parties have partially performed their contractual obligations
DThe oral contract was witnessed by two adults
Explanation
Part performance is an equitable doctrine that may take an oral contract out of the Statute of Frauds when the buyer has: (1) taken possession of the property, (2) paid all or part of the purchase price, and (3) made improvements. Courts will enforce oral contracts in these circumstances to prevent the seller from using the Statute of Frauds as a tool of fraud.
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