Contracts
Which of the following is NOT a required element for a valid real estate contract in Alabama?
AMutual assent (offer and acceptance)
BConsideration
CNotarization✓ Correct
DLegal capacity of the parties
Explanation
A valid contract requires mutual assent, consideration, legal capacity, and a lawful purpose. Notarization is generally required for deeds and mortgages to be recorded, but not for a valid purchase contract.
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