Under the NY Statute of Frauds, which agreement must be in writing to be enforceable?

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Multiple Choice

Under the NY Statute of Frauds, which agreement must be in writing to be enforceable?

Under the NY Statute of Frauds, certain agreements must be in writing to be enforceable, with real estate contracts being the classic example. A contract for the sale or transfer of real property must be in writing and signed to be enforceable, because it involves a transfer of an interest in land and requires clear, verifiable terms (such as property description, price, and the identities of the parties). Without a written contract, enforcement generally cannot occur in court. Personal loans can often be enforced even if oral, unless they fall into another Statute of Frauds category (like a loan guaranteed by someone else or a term that cannot be completed within a year). Leases longer than one year also must be in writing, but the real estate contract is the most straightforward and widely recognized example of a mandated writing under the statute.

Under the NY Statute of Frauds, certain agreements must be in writing to be enforceable, with real estate contracts being the classic example. A contract for the sale or transfer of real property must be in writing and signed to be enforceable, because it involves a transfer of an interest in land and requires clear, verifiable terms (such as property description, price, and the identities of the parties). Without a written contract, enforcement generally cannot occur in court.

Personal loans can often be enforced even if oral, unless they fall into another Statute of Frauds category (like a loan guaranteed by someone else or a term that cannot be completed within a year). Leases longer than one year also must be in writing, but the real estate contract is the most straightforward and widely recognized example of a mandated writing under the statute.

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