In Order to Satisfy the Statute of Frauds,a Writing Must

question 3

Multiple Choice

In order to satisfy the statute of frauds,a writing must

• A)be a formal written document drafted by an attorney.
• B)be signed by the defendant and contain the name of each party, the subject matter of the agreement, and the essential terms and promises.
• C)be notarized.
• D)All of the above.

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Definitions:

Declaration

A formal statement, announcement, or document outlining intentions, conditions, or observations on certain matters.

Covenants

Legally enforceable agreements or promises within a deed or contract, specifying actions the parties must or must not engage in.

Joint Tenancy

A form of co-ownership where property is owned by two or more parties with equal rights to the whole property, and with the right of survivorship.

Tenancy In Common

A type of co-ownership in which each owner has the right to sell his or her interest without the consent of the other owners, may own an unequal share of the property, and may have a creditor attach his or her interest.