Contracts
The Georgia law requiring real estate contracts to be in writing is based on which principle?
AThe Equal Credit Opportunity Act
BThe Statute of Frauds (OCGA 13-5-30)✓ Correct
CRESPA Section 8
DBRRETA
Explanation
Georgia's Statute of Frauds (OCGA 13-5-30) requires contracts for the sale of land or any interest in land to be in writing to be enforceable. This prevents fraud in real estate transactions.
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