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Florida Real Estate Exam

Category - Florida

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The five requisites for a valid land contract are:

Legality, capacity of the parties, mutuality, offer/acceptance, writing
Consideration, offer/acceptance, mutuality, capacity of the parties, writing
Mutuality, consideration, offer/acceptance, legality, legal object
Consideration, offer/acceptance, legality, capacity of the parties, writing

Explanation

Answer D - A valid land contract must be in writing as well as having the other four elements required on any contract which are consideration, consent (offer/acceptance), capacity and lawful object.

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Florida Real Estate Exam

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Florida Real Estate Exam

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