What does the statute of frauds require for a real estate contract to be enforceable in Kentucky?

In Kentucky, the statute of frauds mandates that certain contracts, including those for the sale of real estate, must be in writing to be enforceable. This requirement helps ensure that there is clear and tangible evidence of the agreement between the parties involved, which serves to protect all parties by preventing misunderstandings and disputes over the terms of the contract.

A written contract must include essential elements such as the identification of the property, the parties involved, and the terms of the transaction. This statutory requirement is in place to provide a degree of certainty and security in real estate transactions, recognizing the significant value and legal implications of such agreements. The other options presented, like oral agreements, witness signatures, or notarized documentation, do not fulfill the essential requirement established by the statute of frauds in this context.