ContractsIntermediateDelaware Exam
In Delaware, real estate contracts must be in writing to be enforceable under which legal doctrine?
AThe Parol Evidence Rule
BThe Statute of FraudsCorrect
CThe Statute of Limitations
DThe Rule Against Perpetuities
Why The Statute of Frauds Is Correct
Answer B: The Statute of Frauds
The Statute of Frauds requires real estate contracts (including agreements for the sale or lease of real property for more than one year) to be in writing and signed to be enforceable.
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
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