Sara and Terry agree while talking on the phone to form a partnership 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

Sara and Terry agree while talking on the phone to form a partnership 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.

Quizplus · Accepted Answer

Under the Statute of Frauds, agreements related to real property must be in writing to be enforceable. Filing in a state office, notarization, and involvement of third parties are not necessary requirements for enforceability under the Statute of Frauds.

Sara and Terry Agree While Talking on the Phone to Form