ContractsQuestion 47 of 120
Which of the following is NOT one of the essential elements required for a valid, enforceable real estate contract?
a.Offer and acceptance (mutual assent)
b.Consideration
c.Notarization of all buyer signatures
d.Legal capacity of the parties
Explanation
A valid contract requires offer and acceptance, consideration, legal capacity, legal purpose, and (for real estate) a writing. Notarization is not required to form a valid contract, though it may be needed to record certain documents.
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Related questions on this topic
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