Statute of Frauds - Oral Contract for Land (Illinois)

By Matthew A. Quick In the case of Anderson v Kohler, the court held that an oral contract to sell a piece of property was not enforceable, because price and time-for-performance terms were indefinite, and no performance was demanded, nor were any funds tendered, within a reasonable time.

NOTE: a written contract should always be used during a real estate transaction. Without it, no enforceable promise is made.