The exception to the Statute of Frauds,which allows an oral contract for the transfer of land to be enforced,if the buyer has either paid for the land or taken possession of the land is called the ________ exception.

Question

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The exception described in the question is known as the part performance exception to the Statute of Frauds. It allows for an oral contract for the transfer of land to be enforced if the buyer has either paid for the land or taken possession of the land, or made substantial improvements to the land. This exception is intended to prevent unjust enrichment or fraud in cases where one party has already partially performed their obligations under the oral agreement. Choices A, B, C, and E are all related to other legal concepts and do not apply to the exception described in the question.

The Exception to the Statute of Frauds,which Allows an Oral