The New Jersey Statute of Frauds requires:

Option A is incorrect because the New Jersey Statute of Frauds specifically requires real estate contracts to be in writing, not oral. Oral contracts for real property are generally unenforceable under this statute. The purpose is to prevent fraudulent claims by ensuring there is written evidence of the agreement. Oral contracts lack the necessary documentation to prove the terms of the transaction, making them invalid for real estate matters in New Jersey.

The Statute of Frauds specifically applies to real estate contracts, not just commercial contracts. While commercial contracts may also require writing, this option incorrectly narrows the scope of the Statute of Frauds.

This option directly contradicts the Statute of Frauds, which was established precisely because real estate transactions require written documentation to be enforceable in court.