Contracts
Under New Jersey law, a contract for the sale of real estate must be in writing to be enforceable under the:
AParol Evidence Rule
BStatute of Frauds✓ Correct
CNJ Consumer Fraud Act
DRule Against Perpetuities
Explanation
The Statute of Frauds requires contracts for the sale of real property to be in writing and signed by the party to be charged. An oral agreement to sell real estate is generally not enforceable in New Jersey courts.
Related New Jersey Contracts Questions
- Assignment of a purchase contract transfers the buyer's contractual rights to a third party. The original buyer:
- In NJ, a 'radon contingency' in a residential purchase contract allows the buyer to:
- New Jersey is considered an 'attorney closing state,' which means:
- A contract contingency for mortgage financing protects the buyer by:
- A contract for deed (installment land contract) is an arrangement where:
- A contract is executed when:
- A contract for the sale of New Jersey real estate that is NOT in writing is generally:
- The NJ Seller's Disclosure Notice is required for which of the following transactions?
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