Which document must be in writing according to the Statute of Frauds?

The correct answer is that contracts for the sale of real estate must be in writing according to the Statute of Frauds. The Statute of Frauds is a legal principle that requires certain types of contracts to be executed in writing in order to be enforceable in a court of law. Among these contracts, real estate transactions are specifically included. This requirement is in place to prevent fraud and misunderstandings related to property sales, which often involve significant financial transactions and long-term commitments.

Real estate is considered a highly valuable commodity, and the documentation of such transactions helps to ensure clarity and protect the rights of all parties involved. The written contract serves as definitive proof of the terms agreed upon, including price, parties, and property description, which is essential given the complexities involved in real estate transactions.

Other options, such as all contracts being required to be in writing or only those above a certain monetary value, do not accurately reflect the provisions of the Statute of Frauds. Additionally, leases shorter than one year typically do not require a written contract, as they are usually enforceable even when verbal agreements are made, thereby falling outside the scope of what the Statute of Frauds mandates.