Part performance is an exception to the statute of frauds requirements for land sales contracts to be in writing.
Indicate whether the statement is true or false
Question 2
Which of the following is true of an auction sale?
A) A sale by auction for any amount is not valid if it is made orally.
B) When an auctioneer makes and signs a memorandum of the sale, it binds only the bidder.
C) Goods can only be offered for sale without reserve.
D)There is no contract until and unless an auctioneer accepts a bidder's offer.
Memory saver. The part numbers represent components from Radio Shack®.
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