According to the Statute of Frauds, how must contracts for the sale of real estate be executed?

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The requirement that contracts for the sale of real estate must be executed in writing stems from the Statute of Frauds, which is a legal concept designed to prevent fraudulent claims and ensure that certain types of contracts are documented clearly. The Statute of Frauds specifically mandates that contracts for the sale of real property, including land and any structures on it, must be in writing and signed by the parties involved.

This written requirement serves several purposes: it provides clear evidence of the agreement, clarifies the terms and conditions, and protects all parties by reducing the likelihood of misunderstandings or disputes over verbal agreements. Without a written contract, it can be difficult to enforce the agreement or prove its existence in a legal context.

While there are modern methods of signing agreements, such as electronic signatures, which have gained acceptance under various laws, the key aspect governed by the Statute of Frauds is that the agreement itself must be documented in writing. Therefore, the correct choice reflects this essential legal requirement for the sale of real estate contracts.

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