How might a recording of an oral real estate contract circumvent the Statute of Frauds?

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Study for the Real Estate Transactions Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare to excel in your exam!

Recording an oral real estate contract can help prove the existence of the contract through admission by one party involved. The Statute of Frauds generally requires that certain contracts, including those for the sale of real estate, be in writing to be enforceable. However, if an oral agreement is recorded, it can serve as evidence that the parties acknowledged and accepted the terms of the contract, thereby satisfying the requirement of proving that an agreement was indeed made.

When one party admits to the terms or existence of the contract, whether during negotiations, in communications, or even in a legal context, it strengthens the argument against the need for a signed document. The recorded oral contract acts as a tangible representation of the agreement, which can hold significant power in legal disputes over the matter—especially if any party tries to refute the existence of the contract later.

Other options do not effectively address the nuances of the Statute of Frauds. While making it impossible to deny the agreement and serving as a binding document are important aspects, they do not specifically capture how recording the contract aids in proving its existence. Ensuring all parties are present does not relate to the recording itself in circumventing the Statute, as the core requirement focuses on the documentation of the agreement. This

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