Contracts
In New York, a 'contract modification' must be:
AMade orally to be immediately effective
BIn writing if the underlying contract required writing under the Statute of Frauds✓ Correct
CApproved by the DOS for real estate transactions
DWitnessed by a notary public
Explanation
If the original contract was required to be in writing under New York's Statute of Frauds (as all real estate purchase contracts must be), any modification of a material term of that contract must also be in writing. An oral modification to a written real estate contract is generally unenforceable in New York.
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