Contracts
Which of the following is NOT a required element for a valid Michigan real estate contract?
AOffer and acceptance
BConsideration
CNotarization✓ Correct
DLegal capacity of the parties
Explanation
A valid Michigan real estate contract requires offer and acceptance, consideration, legal capacity, lawful purpose, and the contract must be in writing (Statute of Frauds). Notarization is not required for a contract to be valid, though it may be needed for recording certain instruments.
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