easy · National Real Estate Exam Contracts
A buyer and seller agree to all terms of a sale over a phone call but do not sign any documents.
Under the Statute of Frauds, this contract is:
- Fully enforceable if there were witnesses to the phone call.
- Void from the beginning because it was not in writing.
- Unenforceable in a court of law.
- Voidable by either party for a period of 48 hours.
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