Contracts
In Oklahoma, the statute of frauds requires that contracts for the sale of real property must be:
AFiled with the county clerk within 10 days
BIn writing and signed by the party to be charged to be enforceable✓ Correct
CWitnessed by two licensed real estate agents
DApproved by OREC
Explanation
Oklahoma's statute of frauds requires real estate sales contracts to be in writing and signed by the party against whom enforcement is sought. Oral contracts for the sale of real property are generally unenforceable.
Related Oklahoma Contracts Questions
- Under Oklahoma law, a contract for the purchase and sale of real estate is considered 'bilateral' because:
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- A buyer's earnest money is typically forfeited when the buyer:
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- An 'as-is' clause in an Oklahoma purchase contract means:
- A land contract (contract for deed) in Oklahoma is a method of seller financing where:
- In Oklahoma real estate, an 'escape clause' or 'kick-out clause' in a purchase contract allows:
- An Oklahoma seller accepts a purchase offer and both parties sign. Before the buyer delivers the earnest money, the seller receives a higher offer. The seller may:
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