Representatives of Chemico,Inc.,and Petro Products Corporation orallyagree that Chemicowill sell a chemical refinery and the land on which it is situated to Petro. Under the Statute of Frauds,this deal is enforceable by

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The Statute of Frauds requires that contracts for the sale of real property must be in writing and signed by the party to be charged with the agreement. Since the agreement between Chemico and Petro was only oral, it cannot be enforced by either party.