Contracts
Under the Statute of Frauds in Indiana, which agreement must be in writing to be enforceable?
AA one-week vacation rental
BA month-to-month lease
CA purchase agreement for real property✓ Correct
DA verbal brokerage agreement for personal property
Explanation
Indiana's Statute of Frauds requires contracts for the sale of real estate to be in writing and signed by the party to be charged. Leases for more than one year must also be in writing.
Related Indiana Contracts Questions
- An Indiana purchase contract that includes a right of first refusal for the seller to purchase the property back if the buyer resells is:
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- Which element is NOT required for a valid contract?
- Indiana permits which type of electronic signatures for real estate contracts?
- An Indiana lease agreement must include all of the following to be enforceable EXCEPT:
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