Question

for a contract to be legally binding, which element is not required?
legally competent parties
notarized signatures
mutual consent
legal purpose
question 4
2 pts
what should you do if a contract is complicated and vital?
trust the other party
sign it quickly
ignore difficult sections
have a lawyer review it

Explanation:

1. For a legally binding contract, the core required elements are competent parties, mutual consent, legal purpose, consideration (implied in standard contract rules), and an offer/acceptance. Notarized signatures are only required for specific formal contracts, not all legally binding ones, so they are not a universal requirement.
2. A complicated, vital contract carries significant risk. Having a lawyer review it ensures you understand all terms, protects your legal rights, and mitigates potential negative consequences, which is the appropriate action. The other options expose you to unnecessary legal or financial risk.

Answer:

1. B. Notarized signatures
2. D. Have a lawyer review it