Contracts
Which of the following is a required element for a valid real estate contract in Delaware?
AAcknowledgment before a notary
BRecording in the county land records
CCompetent parties, offer and acceptance, consideration, and lawful purpose✓ Correct
DApproval by the Delaware Real Estate Commission
Explanation
A valid contract in Delaware requires: competent parties, mutual assent (offer and acceptance), consideration, lawful purpose, and — for real estate — the agreement must be in writing per the Statute of Frauds.
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