ContractsContract_essentialsMEDIUM
The statute of frauds requires that:
Correct Answer
B) Real estate contracts must be in writing to be enforceable
The statute of frauds requires certain contracts, including those for the sale of real property, to be in writing to be enforceable in court. This protects parties from fraudulent claims.
Answer Options
A
All contracts must be notarizedB
Real estate contracts must be in writing to be enforceableC
Only the buyer must sign the contractD
Contracts must be filed with the courtVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-formationreal-estate-contractsenforceable-agreementscontract-signature-requirements
Key Terms:
Statute of Fraudswritten contractreal estate contractenforceabilityproperty transfer
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