Contracts
Under Mississippi law, which of the following contracts does NOT need to be in writing to be enforceable?
AA contract to sell real property
BA lease for more than one year
CAn oral listing agreement for a commission on the sale of property✓ Correct
DA contract to purchase real property for $1,000
Explanation
Under Mississippi's Statute of Frauds, contracts for the sale of real property, leases for more than one year, and certain other contracts must be in writing. However, oral listing agreements (broker compensation agreements) may be technically enforceable in equity under certain circumstances, though they are risky and inadvisable — written listing agreements are strongly recommended.
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