Contracts
Under Mississippi law, an oral agreement to purchase real property is generally:
AFully enforceable between the parties
BUnenforceable under the Statute of Frauds, which requires real property sales contracts to be in writing✓ Correct
CEnforceable only if witnessed by two parties
DEnforceable only for transactions under $1,000
Explanation
Mississippi's Statute of Frauds (§15-3-1) requires contracts for the sale of real property to be in writing and signed by the party to be charged. Oral agreements for real estate purchases are generally unenforceable, with limited exceptions (such as partial performance in equity).
Related Mississippi Contracts Questions
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