Which type of contract for real estate is not enforceable unless it is in writing due to the statute of frauds?

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Multiple Choice

Which type of contract for real estate is not enforceable unless it is in writing due to the statute of frauds?

Explanation:
Real estate deals must be in writing to be enforceable because of the statute of frauds, which requires a written record for transfers of property. An oral agreement to buy or sell real estate normally isn’t enforceable in court since there’s no signed document laying out the essential terms. The written contract provides a clear record of who is involved, what property is involved, the price or terms, and the signatures of the bound parties. That’s why the type that cannot be enforced without a writing is the oral contract. Written contracts are enforceable when properly drafted; implied contracts arise from conduct and can be enforceable in certain situations, and executed contracts are already fully performed, with enforceability rooted in the actual completion of the agreement rather than a writing requirement.

Real estate deals must be in writing to be enforceable because of the statute of frauds, which requires a written record for transfers of property. An oral agreement to buy or sell real estate normally isn’t enforceable in court since there’s no signed document laying out the essential terms. The written contract provides a clear record of who is involved, what property is involved, the price or terms, and the signatures of the bound parties. That’s why the type that cannot be enforced without a writing is the oral contract. Written contracts are enforceable when properly drafted; implied contracts arise from conduct and can be enforceable in certain situations, and executed contracts are already fully performed, with enforceability rooted in the actual completion of the agreement rather than a writing requirement.

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