303, LLC v. Born

¶ 1. The statute of frauds requires that if one wishes to enforce a contract for the sale/purchase of real estate, the contract must be in writing, set forth all the essential terms with particularity, and be signed by all parties to the transaction. See Wis. Stat. § 706.02 (2009-10).1 The statute of frauds does not prohibit oral contracts but it does prevent one from enforcing an oral contract for the sale/purchase of land.

¶ 2. 303, LLC offered to buy Walter and Alice Born's fifty-acre farm and home via a written offer to purchase. The Borns accepted the offer. The sale of the Borns'…