ContractsContract_essentialsMEDIUM
Which of the following is NOT a requirement for a valid real estate contract?
Correct Answer
C) Notarization
The four essential elements of a valid contract are: competent parties, offer and acceptance, consideration, and legal purpose. Notarization is not required for a contract to be valid, though it may be required for recording.
Answer Options
A
Competent partiesB
ConsiderationC
NotarizationD
Legal purposeVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
statute-of-frauds-real-estatecontract-formationdeed-recording-requirementscontract-voidable-vs-void
Key Terms:
essential elements of a contractnotarizationconsiderationcompetent partieslegal purpose
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