Contracts
The doctrine of part performance can make an otherwise unenforceable oral real estate contract enforceable in equity when:
ABoth parties have agreed to its terms verbally
BOne party has taken significant actions in reliance on the oral agreement (such as taking possession and making improvements)✓ Correct
CThe oral contract has been notarized
DThe parties have exchanged a written memorandum
Explanation
Part performance is an equitable doctrine that can overcome the Statute of Frauds when a party has taken significant actions — such as taking possession, paying consideration, and making improvements — in reasonable reliance on an oral contract for real estate.
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