Under Connecticut law, which of the following is required for a real estate purchase contract to satisfy the Statute of Frauds and be enforceable in court?
Correct Answer
B) The contract must be in writing and signed by the party against whom enforcement is sought
Connecticut's Statute of Frauds, codified at CGS § 52-550, requires that any agreement for the sale of real property must be in writing and signed by the party to be charged (the party against whom enforcement is sought) or by their lawfully authorized agent. This is the fundamental requirement for a real estate purchase contract to be enforceable in Connecticut court. The writing must be sufficient to identify the parties, the property, and the essential terms, but it need not meet the formality of a deed.
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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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