Sandra enters a contract to sell her home to Paul. Under the statute of frauds, the written contract must name the contracting parties, identify the subject matter of the contract, and ________.
A.
Achieve a result that is fair to all parties
B.
Be handwritten
C.
Be signed by two or more attorneys
D.
Present the essential terms and conditions of the contract
The Statute of Frauds requires that certain contracts—including those for the sale or transfer of real property—be in writing and include:
The names of the parties,
Identification of the property, and
The essential terms and conditions (such as price and contingencies).This ensures the agreement is legally enforceable in court.
[Reference:, Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course – “Real Estate Contracts” Module, Maryland Courts and Judicial Proceedings Article §5-901 – Statute of Frauds (Real Property)., , , ]
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