Contracts
Which of the following is NOT a required element for a valid real estate contract in Alaska?
AConsideration
BLegal capacity of parties
CWritten form✓ Correct
DMutual assent (offer and acceptance)
Explanation
Although Alaska's Statute of Frauds requires real estate contracts to be in writing to be enforceable, writing is not technically a 'required element' for validity. The essential elements are offer/acceptance, consideration, legal capacity, and lawful purpose. Oral contracts may be valid but are unenforceable.
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