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Mississippi real estate contracts must be:

Correct Answer

D) In writing

Mississippi requires written contracts.

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

Related Topics:

statute-of-frauds-real-estatecontract-formation-real-estateessential-elements-of-real-estate-contracts

Key Terms:

Statute of FraudsMississippi contract lawwritten contractMiss. Code Ann. § 15-3-1enforceability

Related Concepts

An option contract gives one party the exclusive right, but not the obligation, to purchase or lease a property at a specified price within a specified time period. The buyer pays option consideration to keep the option open.

A purchase agreement is a legally binding contract between a buyer and seller that outlines the terms and conditions for the sale of real property. It is also commonly called a sales contract, purchase and sale agreement, or earnest money agreement.

Specific performance is a court-ordered remedy that compels the breaching party to fulfill their obligations under the contract rather than simply paying monetary damages. It is an equitable remedy used when monetary damages would be inadequate.

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