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?

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Quizplus · Accepted Answer

The additional requirement for a contract for the sale of real estate is that it must be in writing. This is not necessarily a requirement for other types of contracts, which can be formed orally. The other four elements (competent parties, consideration, offer and acceptance) are basic requirements for all types of contracts.

Any Contract,whether It Is for the Sale of Real Estate