Contracts
In North Carolina, what is the legal status of an oral agreement to sell real estate?
AFully enforceable if both parties agree
BVoid and unenforceable under the Statute of Frauds✓ Correct
CEnforceable if witnessed by a notary
DEnforceable for amounts under $10,000
Explanation
Real estate contracts must be in writing to be enforceable under the Statute of Frauds. An oral agreement to buy or sell real estate is unenforceable.
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