Contracts
A NC contract for the sale of commercial real estate that is not in writing but is partially performed (e.g., buyer has taken possession and made improvements) may be:
AVoid under the Statute of Frauds with no exceptions
BEnforceable under the doctrine of part performance as an exception to the Statute of Frauds✓ Correct
CBinding only for the term of possession
DEnforceable only if witnessed by two parties
Explanation
The doctrine of part performance is a recognized exception to the Statute of Frauds in NC — when a party has taken possession, paid consideration, and made improvements in reliance on an oral contract, courts may enforce the oral agreement.
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