Contracts
In Maryland, a contract for the sale of real estate that lacks adequate consideration is:
AStill enforceable as long as both parties signed
BUnenforceable because consideration is a required element✓ Correct
CEnforceable only in commercial transactions
DEnforceable if ratified by MREC
Explanation
Consideration is an essential element of a valid contract. A contract lacking adequate consideration is generally unenforceable.
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