Question

Claudia and Yves enter into contract for her to buy his condo. Under the statute of frauds, the written contract must _____, identify the subject matter of the contract, and present the essential terms and conditions of the contract.

Answer 1

The statute established that the written contract must be signed by both parties and present the essential terms and conditions of such contract.

What is the statute of frauds?

Under a contract, it is a requirement that some contracts must be memorialized in writing and signed by both party with sufficient evidence to enforce the contract.

In conclusion, the statute of frauds made it necessary that the written contract must be signed and present the essential terms and conditions of such contract.

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