First of all, I want to thank everyone for their responses. Secondly, I want to apologize for seeming brash and dumb with my last post. As many of you can probably understand, something so petty as a form mail problem is like a hang nail on your little toe... A dumb problem, but nonetheless, a problem that needs to be dealt with.
To be 100% honest, I haven't the slightest clue how to check for the majority of these tests. I relied on the advice of others for using plesk because they said it was the best and the easiest to use. I'm finding out very quickly that plesk IS the best, however, it requires "pampering" special needs like this for the Form Mail are WAY beyond my means.
1. I am getting a 500 internal error
2. I cannot seem to find anything in the logs pertaining to a problem in the CGI-BIN
3. I do not have SSH Terminal access to the server, I receive a "not displayed" box when I attempt to go into the SSH.
4. CGI is allowed in Plesk
6. I verified that both the script was uploaded in ASCII mode as well as set to 755
I'm currently updating to 7.5.4, I'll update with any enhancements after that.