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Thursday, 12 December 2019
Agent Resource Center
Agent Resource Center

Question – An oral agreement for the exchange of real estate is:

Written by Posted On Sunday, 10 November 2019 05:00

(A) Enforceable
(B) Enforceable under specific provisions of the law
(C) Unlawful
(D) Unenforceable

 

Answer:  (B)  An exchange is two sales. Part performance (possession) and part payment overcome the demand of the Statute of Frauds – to be in writing.

Read 768 times Last modified on Friday, 08 November 2019 12:30
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