In Connecticut, which of the following circumstances would make a real estate purchase contract unenforceable under the Statute of Frauds?
Correct Answer
D) The contract was negotiated verbally and never reduced to a signed writing
Connecticut's Statute of Frauds, codified at CGS § 52-550, requires that any contract for the sale of real property must be in writing and signed by the party to be charged (or their authorized agent) to be enforceable in court. A purely verbal agreement to sell real estate, no matter how clear or detailed, cannot be enforced under Connecticut law. This is a foundational requirement that applies to all Connecticut real estate purchase contracts.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A bilateral contract is an agreement in which both parties exchange promises and are both obligated to perform, while a unilateral contract is one in which only one party makes a promise and the other party is not obligated to act.
A breach of contract occurs when one party fails to perform their obligations under the contract without a legal excuse. The non-breaching party is entitled to legal remedies including damages, specific performance, or contract rescission.
Consideration is something of value exchanged between parties to a contract, making the agreement legally binding. It can be money, a promise to act, a promise to refrain from acting, or anything else of value.
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