Advertisement
Wednesday, 26 June 2019
Agent Resource Center
This Old House - Do-it-Yourself

Which of the following agreements would not be required to be in writing under the Statute of Frauds?

Written by Posted On Friday, 11 January 2019 05:00

(A) An agreement between a principal and agent to buy or sell real property
(B) An agreement which would not be completed within one year
(C) A partnership agreement to buy or sell property
(D) An agreement to rent for more than one year

 

Answer:  (C) Choices (A), (B), and (D) must be in writing according to the Statute of Frauds. However, an agreement between two partners to purchase or sell an apartment building need not be in writing.

Read 461 times Last modified on Thursday, 03 January 2019 07:49
Rate this item
(0 votes)

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.