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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
