Memorandum Evidencing Prior Sale Agreement Sufficient for Property Transfer

A lower court ruled that a contract for the sale of a building, based on a memorandum signed by one party acknowledging a prior verbal agreement to sell, was null because the memorandum itself lacked essential elements of a final sale agreement, thus violating the requirement for written evidence in real estate transactions. The highest court overturned this decision, reasoning that the memorandum, while not a complete sale contract, sufficiently evidenced the prior mutual consent on the object and price of the sale, thereby satisfying the prerequisite for a valid agreement regarding the transfer of property, even if the subsequent formal deed was never executed.