Advertisement
Wednesday, 19 February 2020
Agent Resource Center
Agent Resource Center

Question – All of the following are essential elements of a simple contract except:

Posted On Tuesday, 10 September 2019 05:00

((A) Proper writing
(B) Competent parties
(C) Legal object
(D) Mutual assent

 

Answer:  (A)  The four essential elements of a simple contract are consideration, competent parties, a lawful object and mutual assent. The Statute of Frauds requires that only certain contracts must be in writing to be enforceable in court, not all.

Read 1380 times Last modified on Saturday, 07 September 2019 21:21
Rate this item
(0 votes)

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.