What must a writing satisfying the Statute of Frauds identify?

A writing that satisfies the Statute of Frauds must clearly identify the parties involved, provide an adequate description of the property, and state the price or a method for determining the price. This requirement ensures that there is sufficient clarity and specificity regarding the essential terms of the agreement, which is critical in enforcing real estate contracts.

Identifying the parties helps establish who is committing to the terms of the agreement. A detailed property description not only removes ambiguity regarding the specific parcel being conveyed but also assists in confirming that the correct property is being referenced. Lastly, including the price or a method to determine the price is vital, as it protects both parties by defining the monetary expectations of the transaction. Without any of these critical elements, the agreement may be deemed unenforceable under the Statute of Frauds.

In contrast, while a closing date and involved parties, zoning classification, or property boundaries may be relevant to a real estate transaction, they do not encompass the fundamental components that the Statute of Frauds explicitly requires for a valid and enforceable contract.