ContractsStatute Of FraudsEASY
Under Indiana's Statute of Frauds, real estate contracts must be:
Correct Answer
B) In writing and signed by the party to be charged
Indiana's Statute of Frauds (IC 32-21-1) requires contracts for the sale or transfer of real property to be in writing and signed by the party to be bound.
Answer Options
A
Verbal with witnessesB
In writing and signed by the party to be chargedC
Notarized and filed with the courtD
Approved by an attorneyWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
Statute of FraudsIC 32-21-1contract enforceabilitywritten contractselectronic signatures
Key Terms:
Statute of FraudsIC 32-21-1written contractsignedenforceability
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