ContractsPregunta 49 de 120
For a real estate contract to be enforceable, the Statute of Frauds generally requires that it be:
a.In writing and signed by the party to be charged
b.Approved by the local zoning board
c.Recorded with the county before signing
d.Notarized by a real estate licensee
Explicación
The Statute of Frauds requires contracts for the sale of real estate to be in writing and signed to be enforceable. This protects parties from fraudulent claims based on oral agreements. Certain short-term leases may be exceptions, but purchase agreements must be written.
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Preguntas relacionadas de este tema
- The essential elements of a valid contract generally include offer and acceptance, consideration, legal purpose, and:
- When a seller responds to a buyer's offer by changing the price, this response is legally a:
- A contract in which only one party makes a promise, such as an option to purchase, is a:
- An 'executory' contract is one in which:
- A contingency in a purchase contract, such as a financing or inspection contingency, functions to:
- The remedy of 'specific performance' in a real estate contract dispute means:
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