DC Bar Practice Questions - District Of Columbia Bar Examination Exam

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A buyer and seller orally agree to sell a parcel of real estate for $300,000. The seller later refuses to perform. The buyer sues to enforce the oral agreement. The Statute of Frauds:

Does not apply to real estate contracts Requires a writing signed by the party to be charged, so the oral land-sale contract is generally unenforceable Applies only if the price exceeds $500 Is satisfied by the buyer's testimony about the agreement

Correct Answer:

Requires a writing signed by the party to be charged, so the oral land-sale contract is generally unenforceable

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