Contracts
Under the Arkansas Statute of Frauds, a contract for the sale of real property must be:
AWitnessed by two disinterested parties
BIn writing and signed by the party to be charged✓ Correct
CNotarized to be enforceable
DRecorded in the county recorder's office
Explanation
The Statute of Frauds requires real estate sales contracts to be in writing and signed by the party against whom enforcement is sought. Oral real estate sales contracts are generally unenforceable.
Related Arkansas Contracts Questions
- Under Arkansas's Statute of Frauds, real estate purchase contracts must be:
- A real estate contract signed by a minor is generally:
- A seller's disclosure of known defects is important in contract negotiations because:
- Which of the following is NOT a required element for a valid real estate contract in Arkansas?
- A buyer and seller enter into a contract for the sale of land. Before closing, the seller dies. What happens to the contract?
- Which of the following is NOT an essential element of a valid real estate contract?
- In a real estate contract, 'time is of the essence' means:
- Novation in contract law means:
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