What must be in writing to become enforceable in a Delaware residential sales contract?

In Delaware, as in many other jurisdictions, contracts, including residential sales contracts, are generally required to be in writing to be enforceable under the Statute of Frauds. This legal principle aims to prevent misunderstandings and fraud in significant agreements, such as the sale of real estate.

The correct answer indicates that all agreements made in writing between the parties are enforceable. This includes any terms and conditions related to the sale, not limited to just the primary agreement between the buyer and seller, but also ancillary agreements regarding financing, inspections, contingencies, and any other negotiated terms that parties might agree upon. When these details are committed to writing, it provides a clear and structured understanding of the obligations each party has, ensuring that all aspects of the agreement can be legally upheld.

The other choices incorrectly limit the scope of enforceability. For example, suggesting that only agreements between the buyer and seller are enforceable omits important elements that might involve third parties or conditions that also need to be documented. Similarly, stating that only verbal agreements are involved or that financial terms exclusively must be in writing overlooks the comprehensive requirement that all pertinent agreements must be documented to safeguard both parties' interests in the transaction.