Contracts
A Kansas buyer and seller verbally agree to extend the closing date but do not put it in writing. This agreement is:
AValid because both parties agreed
BGenerally unenforceable under the Statute of Frauds, which requires real estate contract modifications to be in writing✓ Correct
CValid if witnessed by the real estate agent
DEnforceable only if acknowledged by a notary
Explanation
Modifications to real estate contracts generally must be in writing to be enforceable under the Statute of Frauds. Oral modifications may not be enforceable.
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