Why is the contract for the insurance of a building not covered within the real estate provision of the statute of frauds?
A)It does not involve the transfer of interests in land.
B)It involves a physical asset.
C)It involves two or more parties.
D)It need not be in writing.

Question

Quizplus · Accepted Answer

Any contract that creates or transfers an interest in land is within the statute of frauds.However,a contract to insure a building does not involve any transfer of interests in land,and therefore,is not covered by the statute of frauds.

Why Is the Contract for the Insurance of a Building