Contracts
In Nevada, a real estate purchase contract must include all of the following to be enforceable EXCEPT:
AMutual consent (offer and acceptance)
BConsideration
CLegal purpose
DAcknowledgment by a notary public✓ Correct
Explanation
A valid contract requires offer and acceptance (mutual consent), consideration, competent parties, legal purpose, and in Nevada, must be in writing under the Statute of Frauds. Notarization is required for deeds, not contracts.
Related Nevada Contracts Questions
- What is the 'merger doctrine' in Nevada real estate law?
- A Nevada buyer signs an offer to purchase and the seller signs an acceptance. Before the buyer is notified of the acceptance, the buyer calls to revoke the offer. The result is:
- What is an integration clause (merger clause) in a Nevada real estate contract?
- What does 'time is of the essence' mean in a Nevada real estate contract?
- What is a purchase and sale agreement (PSA) in Nevada?
- A contingency in a real estate contract is best described as:
- In Nevada, time is of the essence in a real estate contract means:
- Nevada is a community property state. In a community property marriage, real property acquired during the marriage is generally owned:
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →