What is required by the Statute of Frauds for land contracts?

The Statute of Frauds mandates that certain contracts be in writing to be enforceable, and this specifically includes contracts for the sale of land or real estate. This requirement is designed to prevent fraudulent claims and misunderstandings regarding contractual agreements. When a land contract is in writing, it provides a clear, verifiable record of the agreement between the parties, which is essential in real estate transactions where significant assets are involved. This documentation can detail the terms, conditions, and obligations of the involved parties, safeguarding against disputes.

The other options suggest requirements that do not align with the core purpose of the Statute of Frauds as it pertains to land contracts. For instance, the notion that contracts must have a witness or be notarized is not universally required under the Statute of Frauds; while these actions can add a layer of authenticity, they are not preconditions under the statute itself. Verbal contracts for land are not recognized due to the potential for ambiguity and misinterpretation, which is why written documentation is essential.