Contracts
Under Minnesota law, a purchase agreement for residential property must include which element to be enforceable?
AA 30-day inspection period
BThe signatures of all parties✓ Correct
CA mortgage contingency
DA title insurance requirement
Explanation
A valid contract, including a Minnesota purchase agreement, requires offer, acceptance, consideration, competent parties, legal purpose, and the signatures of all parties. Without signatures, there is no mutual assent and the agreement is unenforceable.
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