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.

Question

Quizplus · Accepted Answer

The requirement for a description of the land in a contract for the sale of land is essential to identify the specific piece of property being transferred. This is in accordance with the Statute of Frauds, which requires certain contracts, including those for the sale of real estate, to be in writing and to include a sufficient description of the property to make it identifiable. Choices A, B, and C are not universally required elements for the enforceability of a land sale contract.

Ranchland Properties and Prairie State Investments Sign a Written Contract