Contracts
In Tennessee, which of the following elements is NOT required for a valid real estate contract?
AMutual assent (offer and acceptance)
BConsideration
CNotarization✓ Correct
DLegal capacity of the parties
Explanation
A valid real estate contract in Tennessee requires mutual assent, consideration, legal capacity, and lawful purpose. Notarization is required for deeds to be recorded, but not for the underlying purchase contract to be valid.
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