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The Contract for the Sale of Real Estate

The Contract for the Sale of Real Estate

Examine the fundamentals of a contract for sale of real estate, including the impact of the Statute of Frauds, its part-performance exception, the principle of equitable conversion, and the implied warranty of marketable title.

Transcript

Welcome to the Contract for the Sale of Real Estate!

In this clip, we’ll briefly survey some of the more important and fundamental legal principles surrounding the contract for the sale of real estate. We’ll start by discussing how the Statute of Frauds affects real-estate sales contracts, and we’ll cover the “part performance” exception to the Statute of Frauds. Next, we’ll cover the principle of “equitable conversion.” Lastly, we’ll cover the implied warranty of marketable title (IWMT).

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