Contracts
Under Vermont law, a real estate purchase and sale agreement must be:
AVerbal agreements are fully enforceable
BIn writing and signed by all parties to be enforceable✓ Correct
CNotarized by a Vermont notary
DFiled with the county clerk before becoming valid
Explanation
Vermont's Statute of Frauds requires real estate contracts to be in writing and signed by the parties to be enforceable in court. Verbal agreements to buy or sell real estate are not enforceable.
Related Vermont Contracts Questions
- A Vermont real estate listing agreement that sets no expiration date:
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- A Vermont 'notice to perform' or 'cure notice' in a real estate transaction is used when:
- A Vermont real estate contract contingency gives the buyer the right to:
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- Vermont's title contingency in a purchase contract allows the buyer to:
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