Why must real estate sales contracts be evidenced in writing and signed by the party to be charged in order to be enforceable?

A) Contracts of such property are covered under the statute of frauds.
B) Such property would otherwise not be entitled to mortgage.
C) Such property would otherwise not be entitled to insurance.
D) Such property would otherwise be liable to eminent domain.

Enforceable

Refers to a legal agreement or obligation that can be upheld or compelled by a court.

Evidenced in Writing

Requirement for certain agreements to be recorded in written form in order to be legally enforceable.

Statute of Frauds

The Statute of Frauds is a legal concept requiring certain types of contracts to be written down and signed by all parties involved to be enforceable.