Final answer:
The status of the contract can vary depending on the laws of the jurisdiction. In some jurisdictions, the contract may still be valid if the husband signed it, while in others, both spouses may need to sign.
Step-by-step explanation:
If a husband and wife buy real property, and the wife fails to sign the purchase contract, the status of the contract can vary depending on the laws of the jurisdiction. In some jurisdictions, the contract may still be valid and enforceable if the husband signed it, as long as he had the authority to act on behalf of both spouses. In other jurisdictions, both spouses may need to sign the contract in order for it to be legally binding.
For example, in community property states in the United States, both spouses typically need to sign the purchase contract in order for it to be valid. This is because community property states recognize the equal ownership of marital assets and require the consent of both spouses for certain transactions.
It is important to consult with a local attorney or real estate professional to determine the specific laws and requirements in your jurisdiction.