Which of the following contracts is required to be in writing in most states?
A)contracts for the sale of goods priced at $100
B)contracts for the lease of goods with payments of $500
C)promises to transfer an ownership interest in real property
D)handshake deals

Question

Quizplus · Accepted Answer

In most states, promises to transfer an ownership interest in real property are required to be in writing. This is known as the statute of frauds, which outlines which types of contracts must be in writing to be enforceable in court. The other options listed do not typically require a writing, although it is always a good idea to have any important agreement in writing to avoid misunderstandings.

Which of the Following Contracts Is Required to Be in Writing