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Under Missouri law, which of the following is required for a real estate purchase contract to be enforceable in a Missouri court?

Correct Answer

B) The contract must be in writing and signed by the party to be charged

Missouri's Statute of Frauds (RSMo § 432.010) requires that contracts for the sale of real estate be in writing and signed by the party against whom enforcement is sought (the 'party to be charged'). This is a fundamental requirement for enforceability in Missouri courts. Without a written, signed agreement, a real estate purchase contract cannot be enforced — even if both parties verbally agreed to all terms.

Answer Options
A
The contract must be notarized by a Missouri notary public
B
The contract must be in writing and signed by the party to be charged
C
The contract must be filed with the Missouri Secretary of State within 30 days
D
The contract must include a legal description prepared by a licensed Missouri surveyor

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Related Topics & Key Terms

Key Terms:

statute_of_fraudsenforceabilitywritten_contractcontract_requirementsoffer_and_acceptance

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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