Contracts
Under Rhode Island law, a purchase and sale agreement for real property must be in writing under the Statute of Frauds. Which element is NOT required for a valid real estate contract?
AOffer and acceptance
BConsideration
CNotarization✓ Correct
DLegal description of the property
Explanation
Notarization is not required for a valid real estate purchase and sale agreement in Rhode Island. The contract requires offer and acceptance, consideration, competent parties, legal purpose, and an adequate description of the property.
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