Contracts
In New Mexico, which of the following would NOT be considered an element of a valid contract?
AOffer and acceptance (mutual assent)
BNotarization by a licensed notary public✓ Correct
CConsideration
DLegal purpose
Explanation
The four essential elements of a valid contract are: (1) offer and acceptance (mutual assent), (2) consideration, (3) legal capacity of the parties, and (4) legal purpose. Notarization is required for recording deeds but is NOT a requirement for contract validity.
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