Contracts
Under Georgia law, which of the following is essential for a real estate purchase contract to be enforceable?
ANotarization by a Georgia notary public
BRecording in the county deed records
CMutual agreement between competent parties, consideration, and written form✓ Correct
DApproval by the Georgia Real Estate Commission
Explanation
Under Georgia's Statute of Frauds, a contract for the sale of real property must be in writing, signed by the party to be charged, and supported by consideration. Parties must be legally competent and there must be mutual assent.
Related Georgia Contracts Questions
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- A buyer who discovers a previously unknown major defect after closing but before moving in may have which remedy?
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