Contracts
In South Dakota, the Statute of Frauds requires that contracts for the sale of real property be:
AWitnessed by two independent witnesses
BIn writing and signed by the party to be charged✓ Correct
CNotarized before becoming enforceable
DFiled with the county register of deeds
Explanation
South Dakota's Statute of Frauds (SDCL 53-8-2) requires contracts for the sale or transfer of real property to be in writing and signed by the party against whom enforcement is sought. An oral contract for the sale of land is generally unenforceable.
Related South Dakota Contracts Questions
- Which of the following clauses in a South Dakota real estate purchase contract allows the buyer to terminate if they cannot obtain financing?
- In South Dakota real estate transactions, 'closing' or 'settlement' refers to:
- In South Dakota, a 'power of attorney' used to execute a real estate purchase on behalf of a principal must be:
- In South Dakota, which statement about 'earnest money' is TRUE?
- A right of first refusal in a South Dakota purchase agreement means:
- In South Dakota, which party typically drafts the initial purchase offer in a residential transaction?
- In South Dakota, a 'land contract' (contract for deed) is a financing arrangement where:
- Under the Statute of Frauds, real estate contracts in South Dakota must be:
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