Contracts
Which of the following is NOT an essential element of a valid real estate contract?
AOffer and acceptance
BConsideration
CWritten form for all contracts✓ Correct
DLegal purpose
Explanation
Not all contracts need to be in writing to be valid — verbal contracts can be valid. However, under the Statute of Frauds, contracts for the sale of real property must be in writing to be enforceable. 'Written form' is not an essential element of contract validity itself.
Related Idaho Contracts Questions
- What is a 'sight unseen' offer in Idaho and what does the buyer risk?
- In Idaho, which of the following is true about electronic signatures in real estate contracts?
- What is an 'acceleration clause' in an Idaho deed of trust?
- In Idaho, what is the 'doctrine of merger' in real estate transactions?
- What is 'earnest money forfeiture' in an Idaho real estate transaction?
- What is 'impossibility of performance' as it relates to an Idaho real estate contract?
- What is an 'appraisal contingency' in an Idaho purchase contract?
- What is an 'attorney review' contingency in an Idaho real estate contract?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →