Contracts
Under Mississippi law, which of the following is an essential element of a valid real estate contract?
ANotarization by a licensed notary
BMutual assent (offer and acceptance)✓ Correct
CApproval by the buyer's lender
DInvolvement of a licensed real estate agent
Explanation
Essential contract elements include offer and acceptance (mutual assent), consideration, legal capacity of parties, lawful purpose, and in real estate, written form with adequate property description.
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