Contracts
Under NJ law, a promise to convey real property (a contract to sell) that is not in writing is:
AEnforceable if both parties acted in reliance
BGenerally unenforceable under the Statute of Frauds✓ Correct
CEnforceable if witnessed by two people
DBinding if notarized
Explanation
New Jersey's Statute of Frauds requires contracts for the sale of real property to be in writing and signed. An oral promise to sell real property is generally unenforceable, with limited exceptions such as part performance.
Related New Jersey Contracts Questions
- A contract for the sale of New Jersey real estate that is NOT in writing is generally:
- In New Jersey, 'specific performance' as a remedy for breach of a real estate contract allows the non-breaching party to:
- A NJ home sale contract's inspection contingency typically gives the buyer the right to cancel the contract if:
- In NJ real estate law, 'time is not of the essence' in a contract without such a clause means:
- If a buyer defaults on a NJ real estate contract, the seller's most common contractual remedy is:
- A counteroffer in a New Jersey real estate transaction legally:
- An 'as-is' clause in a NJ real estate contract:
- Novation in a NJ real estate contract means:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →