Question

Vega appoints Ancel, a real estate broker, to negotiate the sale of her home. The ________________ rule requires that this agreement be in writing and signed to be enforceable.

a) Parol Evidence
b) Statute of Frauds
c) Accord and Satisfaction
d) Promissory Estoppel

Answer 1

The Statute of Frauds requires certain types of contracts to be in writing and signed to be enforceable, including agreements for the sale of real estate.

Step-by-step explanation:

The correct answer is b) Statute of Frauds.

The Statute of Frauds is a law that requires certain types of contracts to be in writing and signed in order to be enforceable. This includes agreements for the sale of real estate, like the one between Vega and Ancel. The purpose of the Statute of Frauds is to prevent fraudulent claims and misunderstandings.

For example, if Vega and Ancel made an oral agreement for the sale of her home, it would not be enforceable under the Statute of Frauds. However, if they later put the agreement in writing and both signed it, the contract would be enforceable.