Contracts
Vermont contracts for the purchase of real property must be 'in writing' to be enforceable. This requirement originates from:
AVermont's Real Estate Commission rules
BThe Statute of Frauds, which requires certain contracts (including those for land) to be in writing✓ Correct
CFederal real estate disclosure requirements
DVermont's Consumer Protection Act
Explanation
The Statute of Frauds — adopted in Vermont law — requires contracts for the sale or transfer of interests in real property to be in writing and signed by the party to be charged. Oral real estate contracts are generally unenforceable because they lack this written documentation.
Related Vermont Contracts Questions
- Vermont's property condition disclosure requirements are generally applicable to:
- A Vermont seller signs a listing agreement with Broker A. Before any offer is received, the seller signs a second listing agreement with Broker B for the same property. Regarding the first agreement:
- A Vermont purchase contract with a 'subject to inspection' contingency allows the buyer to:
- A buyer and seller in Vermont reach a verbal agreement on the sale of a home but do not reduce it to writing. This agreement is:
- A right of first refusal in a Vermont real estate contract means:
- Vermont's attorney closing requirement means that:
- In Vermont, a real estate purchase and sale agreement is considered 'executory' until:
- Vermont's 'force majeure' clause in a real estate contract excuses non-performance when:
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