Houtan HormozianExpert on Real Estate, Finance and PropTech

Real Estate Question of the Day Test Your Knowledge! Contract Essentials Explained

27 Nov 2025 · 1 min

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This content was created by Houtan Hormozian. This content was uploaded by Houtan Hormozian. This is a YouTube video titled "Real Estate Question of the Day Test Your Knowledge! Contract Essentials Explained" (posted 2025-11-27) containing a short English educational clip in which a single presenter (labeled SPEAKER A) poses a multiple-choice question about the essentials of a contract, states that answer B (proper writing) is incorrect, and explains that valid contracts require mutual consent, lawful object, capable parties, and consideration. The clip is real-estate–focused, aims to test and teach viewers, and includes a call-to-action to like, tag friends, and visit the website.

Chapters

Get ready for question of the day. All of the following are essentials of each and every contract except: A. Capable parties. B. Proper writing. C. Mutual consent. D. Lawful object. The answer is letter B. A valid contract does not necessarily have to be in writing, nor does it necessarily have to require performance to be valid. The 4 essentials are mutual consent, lawful object, capable parties, and consideration. Learned something new? Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.