ContractsPregunta 48 de 100
The essential elements of a valid contract include all of the following EXCEPT:
a.Offer and acceptance
b.A recorded deed
c.Consideration
d.Legal capacity and lawful purpose
Explicación
A valid contract requires mutual assent (offer and acceptance), consideration, legally competent parties, and a lawful objective. A recorded deed is part of transferring title, not a requirement for a contract's validity. Real estate contracts must also generally be in writing under the Statute of Frauds.
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