Question

In order for an agreement to be enforceable in an Oregon court, the Statute of Frauds requires a written, signed instrument where the action is a:

a. Listing of property for sale with a principal real estate broker
b. Verbal agreement for property sale
c. Month-to-month rental of property
d. Transfer of title to real estate

Answer 1

In Oregon, the Statute of Frauds mandates a written, signed document for the transfer of title to real estate, which is enforceable in court.

Step-by-step explanation:

In order for an agreement to be enforceable in an Oregon court according to the Statute of Frauds, a written and signed document is necessary.

Specifically, this is required for the transfer of title to real estate, as verbal agreements are not sufficient for such transactions. The Statute of Frauds requires formal written agreements for certain types of contracts .

To ensure clarity and to provide a reliable record that can be referred to in case of disputes. The option that correctly represents a situation where a written, signed instrument is required by the Statute of Frauds in Oregon is d. Transfer of title to real estate.

Contractual rights are based on property rights, and these rights are fundamental to enable individuals or firms to enter into enforceable contracts.

Without a legal system that enforces these contractual agreements, it would be difficult to conduct business and ensure economic growth.