Contracts
Which of the following is NOT an essential element of a valid real estate contract in Alaska?
AMutual consent (offer and acceptance)
BConsideration
CWritten form for all terms✓ Correct
DLegal purpose
Explanation
The essential elements of a valid contract are competent parties, mutual consent, consideration, and legal purpose. While Alaska's Statute of Frauds requires real estate contracts to be in writing to be enforceable, 'written form for all terms' is not itself an essential element of contract validity.
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