Under the statute of frauds,which of the following statements about a contract for an interesting land is true?
A)The agreement is void if not written.
B)It only needs to be in writing if its value is over $500.
C)It needs to be in writing to be enforceable.
D)It only needs to be in writing if it contains a collateral.

Question

Quizplus · Accepted Answer

Under the statute of frauds, a contract for the sale of land must be in writing and signed by the parties to be enforceable. This requirement applies regardless of the value of the land and whether or not there is a collateral involved. Therefore, option C is the only correct statement.

Under the Statute of Frauds,which of the Following Statements About