Contracts
In North Dakota, a contract for the sale of real estate must be in writing to be enforceable under:
AThe Parol Evidence Rule
BThe Statute of Frauds✓ Correct
CThe Statute of Limitations
DThe Uniform Commercial Code
Explanation
The Statute of Frauds requires that contracts for the sale of real property be in writing and signed by the party to be charged. Oral agreements for the sale of land are generally not enforceable in North Dakota.
Related North Dakota Contracts Questions
- A North Dakota purchase agreement that is 'executory' means:
- Which clause in a listing agreement specifies a period after the listing expires during which the broker may still earn a commission if they procured the buyer?
- Which type of listing agreement allows the seller to list with multiple brokers and only pay a commission to the one who produces a ready, willing, and able buyer?
- A contingency in a purchase agreement:
- A right of first refusal gives a party the right to:
- A North Dakota buyer who provides a seller with a written notice of exercise of a purchase option:
- A North Dakota purchase agreement for new construction that is not yet built must include:
- In North Dakota, 'earnest money' in a real estate transaction primarily serves as:
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