Contracts
Which of the following is NOT an essential element of a valid real estate contract?
AMutual consent (offer and acceptance)
BLawful object
CConsideration
DNotarization✓ Correct
Explanation
The four essential elements of a valid contract are: mutual consent, lawful object, consideration, and competent parties. Notarization is required for deeds to be recorded but is NOT required for a valid purchase contract.
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