ContractsEASY
In Michigan, the Statute of Frauds requires real estate contracts to be:
Correct Answer
B) In writing and signed by the party to be charged
Michigan's Statute of Frauds requires real estate contracts to be in writing and signed by the party to be charged to be enforceable.
Answer Options
A
Verbal agreements are sufficientB
In writing and signed by the party to be chargedC
Notarized to be validD
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Related Topics & Key Terms
Related Topics:
contract-formationstatute-of-limitations-real-estateelements-of-valid-real-estate-contracts
Key Terms:
Statute of FraudsMCL 566.108party to be chargedwritten contractreal estate contract enforceability
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