ContractsCâu 48 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Statute of Frauds, a contract for the sale of real estate generally must be:
- When a buyer makes a counteroffer, the original offer is:
- A contract that has been fully performed by both parties is described as:
- A contract entered into by a minor is generally:
- Earnest money in a purchase contract primarily serves to:
- A contingency in a real estate contract is:
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