Many legal authorities stipulate that a contract for the sale of land should include what additional item that may be supported by oral evidence?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

A contract for the sale of land must provide a sufficient description of the land being sold to ensure clarity and enforceability. This description can include details such as the location, boundaries, and any specific attributes that uniquely identify the property. A precise description is essential because it helps prevent disputes over what property is being transferred, which is critical in real estate transactions.

While other elements, such as the purchase price, parties involved, and payment terms, are also important components of a real estate contract, they do not necessarily require oral evidence to support them in the same way that a sufficient description does. Courts are more likely to allow oral evidence to clarify or supplement the description of the property, particularly if questions arise about the specific identity of the land being sold. Thus, including a clear and sufficient description is vital for legal recognition and for avoiding ambiguity or misunderstandings in the transaction.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy