Which of the following is not a minimum requirement for a contract under the Statute of Frauds?

Prepare for the Maryland Title Insurance Test with targeted multiple-choice questions, including hints and explanations for each to help you succeed. Get ready to ace your exam!

In the context of the Statute of Frauds, a key requirement is that certain agreements must be in written form to be enforceable, particularly contracts involving real estate. The requirement for the agreement to be written, rather than oral, ensures clarity and helps prevent fraud or misunderstandings regarding the terms discussed.

The specifics of the requirements under the Statute of Frauds include identifying the parties involved in the agreement, clearly stating the material terms so that all parties understand the essential obligations, and being signed by the party that is to be charged with the obligations imposed by the contract. Each of these components helps create a definitive and enforceable contract.

In contrast, stating that the agreement be oral is inaccurate in this context, as the Statute of Frauds explicitly requires certain contracts to be written rather than merely oral. Therefore, the notion that an agreement must be oral for it to meet the requirements of the Statute of Frauds does not align with legal principles, making it the correct choice for what is not a minimum requirement.

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