Legal Question in Real Estate Law in Kentucky
Verbal sale real estate, buyer backed out.
Can I sue the buyer for breach of contract, I made offer on other real estate.
Asked on 10/18/08, 9:05 am
1 Answer from Attorneys
Thomas McAdam
Thomas A. McAdam, III, Attorney
Re: Verbal sale real estate, buyer backed out.
Kentucky has a law known as the "Statute of Frauds" (KRS 371.010) which requires all contracts relating to the sale and purchase of real estate to be in writing, signed by the parties.
Without a written document, you cannot sue the buyer for breach of an oral (non-written) agreement.
Answered on 10/18/08, 5:36 pm
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