business law 1a / unit 7: property and insurance\n5. an essential rule of conveyancing is that the agreement…
business law 1a / unit 7: property and insurance\n5. an essential rule of conveyancing is that the agreement to buy and sell real property must be memorialized in writing. this requirement is referred to as:\ndeed of sale.\nlaw of premiums.\nstatute of frauds.\nlaw of conveying.
Answer
Brief Explanations:
The Statute of Frauds is a legal concept that requires certain types of contracts, including those for the sale of real - property, to be in writing to be enforceable. A deed of sale is the actual document used in the transfer, not the requirement for writing. The Law of Premiums is related to insurance and has no connection here. The Law of Conveyancing is a broader area and not the specific rule about written agreements.
Answer:
C. Statute of Frauds