Land Use & Zoning
Under Minnesota's statute of frauds, which real estate agreement must be in writing to be enforceable?
AAn oral month-to-month lease for $500/month
BA one-year lease agreement
CAn agreement to purchase property worth $5,000 or more✓ Correct
DA property management contract for a small property
Explanation
Minnesota's statute of frauds requires contracts for the sale of real property to be in writing to be enforceable, regardless of price. Additionally, leases for more than one year must be in writing. The statute of frauds protects against fraud in significant transactions by requiring written evidence of the agreement.
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