Champions Promulgated Contract Forms 2024 Practice Quiz with Complete Solutions

Champions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete SolutionsChampions Promulgated Contract Forms 2024 Practice Quiz with Complete Solutions The five essential elements that must exist for a real estate sales contract to be considered valid and enforceable are: legal purpose, competent parties, mutual assent, consideration and ____________. (a) Signature of witnesses (b) In writing (c) Acknowledgment by a notary (d) Recording in county clerk's office - ANSWER-(b) In writing If a contract has been entered into with a person who has been judged to be incompetent, that contract is considered ____________ because that person never had the capacity to enter into it.