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Which of the following is an essential element of a valid real estate contract? Duress Legal purpose Misrepresentation Mutual mistake
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32 votes
32 votes
Which of the following is an essential element of a valid real estate contract?

Duress
Legal purpose
Misrepresentation
Mutual mistake

User Sharmayne
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1 Answer

26 votes
26 votes

Answer:

Legal purpose

Step-by-step explanation:

The contract is approved when there is an agreement and agreement should be enforced i.e.

Agreement + enforceability = contract

Now the element of the contract that become the contract to be valid is the legal purpose that means the contract that should be made should be legal in the court point of view i.e. feasible

Therefore the second option is correct

User KAK
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