ContractsIntermediateDelaware Exam
Which element is NOT required to form a valid real estate contract in Delaware?
AOffer and acceptance
BLegal consideration
CNotarization of signaturesCorrect
DCompetent parties
Why Notarization of signatures Is Correct
Answer C: Notarization of signatures
Notarization is not required to form a valid real estate sales contract in Delaware. The essential elements are offer and acceptance, consideration, competent parties, legal purpose, and in writing.
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
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