Why Must Real Estate Sales Contracts Be Evidenced in Writing

question 78

Multiple Choice

Why must real estate sales contracts be evidenced in writing and signed by the party to be charged in order to be enforceable?

• A)Contracts of such property are covered under the statute of frauds.
• B)Such property would otherwise not be entitled to mortgage.
• C)Such property would otherwise not be entitled to insurance.
• D)Such property would otherwise be liable to eminent domain.

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Definitions:

Nutritious

Containing essential nutrients that contribute to good health and well-being, often applied to foods rich in vitamins, minerals, and other beneficial substances.

Green Vegetables

Plants or parts of plants that are consumed as food and characterized by their green color, often rich in vitamins, minerals, and fiber.

Yellow Vegetables

Vegetables that are characterized by their yellow coloration, often indicating the presence of specific nutrients such as carotenoids.

Symbolize

To represent, stand for, or denote something else, especially through the use of symbols or symbolic meanings.