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Question 3 Ranchland Properties and Prairie State Investments sign a written contract for a sale ofland. In some states, to be enforceable, this contract must

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3

Ranchland Properties and Prairie State Investments sign a written contract for a sale ofland. In some states, to be enforceable, this contract must include

a description of the land.

a correct title, such as "Land Transfer" or "Real Estate Agreement".

a declaration of the contract's purpose.

a statement of the source of financing.

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