Contracts
Under Alabama law, contracts for the purchase of real estate must be in writing to be enforceable. This rule is known as the:
AParol Evidence Rule
BStatute of Frauds✓ Correct
CRule Against Perpetuities
DStatute of Limitations
Explanation
The Statute of Frauds requires that contracts for the sale of real property must be in writing and signed by the party to be charged in order to be enforceable in Alabama.
Related Alabama Contracts Questions
- Under the doctrine of 'merger,' what happens when a real estate purchase contract closes?
- Under Alabama's Statute of Frauds, real estate sales contracts must be:
- In Alabama, which party typically prepares the deed in a residential real estate transaction?
- A 'contingency' in a real estate contract is best described as:
- Which of the following is a characteristic of a 'voidable' contract?
- A buyer makes a written offer that the seller accepts with a minor handwritten change initialed only by the seller. This creates:
- A real estate contract clause stating that the buyer may inspect within 10 days and notify the seller of defects, but may not cancel without providing the seller an opportunity to cure, is called a(n):
- A 'sale contingency' allows the buyer to:
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