Asked by Corinna Vogel on May 19, 2024
Verified
Sol and Thom agree to form a partnership to sell real property. To be enforceable under the Statute of Frauds, their agreement must be
A) filed in the appropriate state office.
B) in writing.
C) signed by a witness.
D) all of the choices.
Statute Of Frauds
A legal requirement that certain contracts must be in writing to be enforceable.
Enforceable
Capable of being imposed or executed under law or legal authority.
In Writing
A contractual or legal requirement that stipulates information, agreements, or official statements must be documented in physical or electronic text form.
- Identify the criteria necessary for the establishment of a legitimate partnership agreement.
Verified Answer
TA
Tatiana ArbelaezMay 20, 2024
Final Answer :
B
Explanation :
The Statute of Frauds requires certain contracts, including those for the sale of real property or agreements not to be performed within a year, to be in writing to be enforceable. This is to ensure that there is clear evidence of the agreement and its terms.
Learning Objectives
- Identify the criteria necessary for the establishment of a legitimate partnership agreement.