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Under Missouri law, which of the following elements is required for a real estate purchase agreement to be enforceable under the Statute of Frauds?

Correct Answer

D) The agreement must be in writing and signed by the party to be charged

Under Missouri's Statute of Frauds, RSMo § 432.010, contracts for the sale of real estate must be in writing and signed by the party against whom enforcement is sought (the 'party to be charged'). This is the foundational requirement for enforceability of real estate contracts in Missouri. A written, signed agreement satisfies the Statute of Frauds without additional formalities.

Answer Options
A
The agreement must be reviewed and approved by a licensed Missouri real estate attorney
B
The agreement must be recorded with the county recorder of deeds within 10 days
C
The agreement must be notarized by a licensed Missouri notary public
D
The agreement must be in writing and signed by the party to be charged

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Related Topics & Key Terms

Key Terms:

statute_of_fraudsenforceabilitywriting_requirementmissouri_contracts

Related Concepts

An assignment of contract transfers one party's rights and obligations under a contract to a third party called the assignee. The original party, known as the assignor, transfers their contractual position to someone who was not originally part of the agreement.

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.

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