Contracts
Oregon's Statute of Frauds requires real estate contracts to be in writing. Which of the following is an exception to this requirement?
AContracts for the purchase of commercial property under $10,000
BOral leases for terms of one year or less✓ Correct
CAll oral agreements if witnessed by two people
DAgreements made between family members
Explanation
Oregon's Statute of Frauds (ORS 41.580) generally requires real estate contracts to be in writing to be enforceable.
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