Contracts
Under the Statute of Frauds, a real estate contract must be:
ANotarized by a Rhode Island notary public
BIn writing and signed by the party to be charged✓ Correct
CFiled with the local city or town clerk
DWitnessed by two disinterested parties
Explanation
The Statute of Frauds requires contracts for the sale of real estate to be in writing and signed by the party against whom enforcement is sought. Oral agreements to sell real estate are generally unenforceable.
Related Rhode Island Contracts Questions
- Under Rhode Island law, which of the following would make a contract for the sale of real estate void (not merely voidable)?
- Under the Rhode Island Statute of Frauds, which real estate agreement must be in writing to be enforceable?
- An addendum to a real estate contract is best described as:
- When a seller counters a buyer's offer, the original offer is:
- An 'as-is' sale does not relieve the seller from the obligation to:
- An option contract in real estate gives the buyer the:
- Under Rhode Island law, which of the following is NOT required for a real estate purchase contract to be enforceable?
- Which of the following best describes 'liquidated damages' in a real estate contract?
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