Sara and Tony agree while talking on the phone to form a partnership-United Caretakers-to enter into the business of real property management. To be enforceable under the Statute of Frauds,their agreement must
A)be filed in the appropriate state office.
B)be in writing.
C)be signed by a notary public.
D)not involve a third party.

Question

Quizplus · Accepted Answer

Under the Statute of Frauds, agreements related to real property must be in writing to be enforceable. Therefore, the partnership agreement between Sara and Tony to enter into the business of real property management must also be in writing to be enforceable. Therefore, choice B is the correct answer. The other options are not relevant in this context.

Sara and Tony Agree While Talking on the Phone to Form