By Peter Carr ( August 21, 2018, 3:30 PM EDT) -- The law is evolving to meet advances in technology. The pace and mode of communications has directly impacted typical and customary commercial transactions, to include real estate contracts. Courts have accepted expanding methods of legally enforceable electronic communications. For example, email exchanges can result in binding agreements to settle litigation.[1] In the context of real estate, "Emails between the parties may create a binding contract that satisfies the Statute of Frauds, provided the emails contain all essential terms, even in the absence of a formal signature."[2] Thus, the notion that a text message may satisfy the Statute of Frauds, while perhaps perceived initially as novel, should not come as a shock to either the legal or business communities....
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