Contracts
A Kentucky buyer and seller agree to all terms of a purchase contract but never sign it. This agreement is:
ABinding because both parties agreed verbally
BUnenforceable under the Statute of Frauds✓ Correct
CValid as long as there was consideration
DEnforceable if witnessed by a real estate agent
Explanation
Under Kentucky's Statute of Frauds (KRS 371.010), contracts for the sale of real property must be in writing and signed to be enforceable.
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