Contracts
In Maine, which of the following would make a real estate contract unenforceable under the Statute of Frauds?
AA purchase price that is below market value
BAn oral agreement to purchase real estate✓ Correct
CA contingency clause for home inspection
DA closing date that is 90 days away
Explanation
Under Maine's Statute of Frauds, contracts for the purchase of real estate must be in writing and signed. An oral agreement to buy or sell real estate is generally unenforceable.
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