Contracts
For a real estate contract in North Carolina to be enforceable, it must meet which essential requirement regarding real property?
AIt must be notarized
BIt must be witnessed by two people
CIt must be in writing and signed (Statute of Frauds)✓ Correct
DIt must be recorded in the county register of deeds
Explanation
Under the Statute of Frauds, real estate contracts in NC must be in writing and signed by the party to be charged to be enforceable.
Related North Carolina Contracts Questions
- In NC, the 'due diligence fee' in the Offer to Purchase is best characterized as:
- A NC broker who prepares a specialized legal document (such as a custom commercial lease) beyond the standard forms may be engaging in:
- In North Carolina, the 'due diligence fee' paid at the time of an offer is:
- The standard North Carolina Offer to Purchase and Contract form is jointly approved by which organizations?
- In North Carolina, which contract form is most commonly used for residential real estate transactions?
- Specific performance as a remedy in a North Carolina real estate contract requires:
- A contingency in a North Carolina real estate contract is best described as:
- A 'void contract' in NC is one that:
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