Asked by
Juliana Forero
on Nov 27, 2024
Verified
Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include
A) a correct title, such as "Land Transfer" or "Real Estate Agreement."
B) a declaration of the contract's purpose.
C) a statement of the source of financing.
D) a description of the land.
Real Estate Agreement
A legal document that outlines the terms and conditions of a real estate transaction, such as the sale or lease of property.
Description of the Land
A detailed account or representation of a parcel of land's physical boundaries, size, and defining characteristics.
Source of Financing
The origin or means through which funds are provided for business activities, projects, or acquisitions.
- Pinpoint the key ingredients that a written contract must contain under the directives of the Statute of Frauds.
Verified Answer
HM
Learning Objectives
- Pinpoint the key ingredients that a written contract must contain under the directives of the Statute of Frauds.