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Delaware real estate contracts must be:

Correct Answer

D) In writing to be enforceable

Delaware Statute of Frauds requires real estate contracts to be in writing.

Answer Options
A
Verbal
B
Witnessed
C
Notarized
D
In writing to be enforceable
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Related Topics & Key Terms

Related Topics:

statute-of-fraudsreal-estate-contract-elements

Key Terms:

Statute of Fraudswritten contractenforceabilityDelaware real estate laworal agreement

Related Concepts

Contract termination occurs when a contract is ended or discharged, releasing both parties from their obligations. A contract can be terminated through performance, mutual agreement, operation of law, or breach.

A counteroffer is a response to an original offer that changes one or more terms of the offer, effectively rejecting the original offer and creating a new offer. The party who makes the counteroffer becomes the new offeror.

Earnest money is a deposit made by the buyer at the time of the offer or shortly after to demonstrate good faith and serious intent to purchase the property. It is also called a good faith deposit.

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