Asked by Anuja Ashok on Apr 27, 2024
Verified
Contracts for the sale of real estate must be in writing as required by
A) the Uniform Commercial Code.
B) the Statute of Frauds.
C) common law.
D) the Constitution.
Statute of Frauds
A legal principle that requires certain types of contracts to be written and signed in order to be enforceable.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources, typically involving the buying, selling, and leasing of such property.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions, intended to harmonize the law of sales and other commercial agreements within the United States.
- Comprehend the statutory requirements for contractual agreements in property transactions.
Verified Answer
Learning Objectives
- Comprehend the statutory requirements for contractual agreements in property transactions.
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