In addition to the standard requirements for a contract to be valid, the statute
of frauds requires contracts involving real estate
to be in writing
The _____ is a "gap filler" , which binds the agreement for a real estate
purchase from the time the agreement is reached until the time of the...
all of the following are required elements of any valid contract involving real
estate EXCEPT
✓ Reasonable consideration
sometimes a party is interested in buying a property but is not yet ready to
sign a sales contract. the _____ contract is one way to ensure that the
property will not be sold to another buyer until the contract expires.
✓ option to buy
if the terms in the purported acceptance differ from those of the offer, then
✓ a counteroffer is made
all contracts involving land or items attracts to it must be in writing before a
court will enforce them, as required in each state's statute of
✓ frauds
the legal right to ownership of land in demonstrated in the
✓ deed
a typical sales contract would state all of the following EXCEPT
Master01 | October, 2024/2025 | Latest update
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