Which are essential elements of the Statute of Frauds for real estate contracts?

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Multiple Choice

Which are essential elements of the Statute of Frauds for real estate contracts?

Explanation:
For a real estate contract to be enforceable under the Statute of Frauds, it must be in writing, signed, and include essential terms. The writing shows there is a concrete agreement, the signature indicates who is bound, and the essential terms—such as a description of the property and the price (plus the identities of the parties and other critical details)—make the agreement specific enough to enforce. Notarization isn’t required by the Statute of Frauds, filing with the county clerk isn’t necessary for enforceability, and oral agreements are generally not enforceable for real estate, even if witnessed.

For a real estate contract to be enforceable under the Statute of Frauds, it must be in writing, signed, and include essential terms. The writing shows there is a concrete agreement, the signature indicates who is bound, and the essential terms—such as a description of the property and the price (plus the identities of the parties and other critical details)—make the agreement specific enough to enforce. Notarization isn’t required by the Statute of Frauds, filing with the county clerk isn’t necessary for enforceability, and oral agreements are generally not enforceable for real estate, even if witnessed.

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