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.

Recognize the purposes and types of corporate investments, including reasons and exceptions.

Understand the characteristics and classification of strategic investments.

Comprehend the concepts of consolidated financial statements and significant influence.

Differentiate between realized and unrealized gains and losses.

---

Definitions:

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Counseling

A professional service providing guidance, support, and problem-solving strategies to individuals, couples, or families, often related to personal, social, or psychological challenges.

Licensed Vocational Nurses

Nurses who have completed required training and have obtained a license to provide basic medical care.

Licensed Practical Nurse

A healthcare professional who has undergone training and obtained a license to provide basic nursing care under the direction of registered nurses and doctors.