Any contract, whether it is for the sale of real estate or some other entity, must contain five basic elements. However, any contract for the sale of real estate must adhere to two additional requirements. Which of the following contract elements is an additional requirement that must be satisfied in a contract for sale of real estate that isn't necessarily a part of other contracts?
A) No defects to mutual assent
B) Consideration
C) Offer and acceptance
D) Written form

Question

Quizplus · Accepted Answer

The additional requirement that must be satisfied in a contract for sale of real estate is that it must be in writing. This is because of the statute of frauds, which requires certain contracts, including real estate contracts, to be in writing to be enforceable. The other four basic elements of a contract (mutual assent, consideration, offer and acceptance) apply to all contracts.

Any Contract, Whether It Is for the Sale of Real