Contracts
In Oklahoma, a real estate contract that lacks consideration is:
AValid but unenforceable
BVoid — it lacks an essential element of a valid contract✓ Correct
CVoidable at the seller's option
DEnforceable if both parties are satisfied
Explanation
Consideration is an essential element of a valid contract. A contract without consideration (something of value exchanged by both parties) is void and has no legal effect.
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