Which element is not typically found in a contract for the sale of land?

A contract for the sale of land typically requires a written agreement to ensure that it is enforceable under the Statute of Frauds, which mandates that certain contracts, including those for the sale of real estate, must be in writing to be valid. In contrast, oral agreements, while they might establish some form of intention or agreement, generally do not fulfill the legal requirements necessary for a binding contract in real estate transactions. Thus, the absence of an oral agreement aligns with the standard practice of having formal written contracts that include necessary elements like signatures of the parties involved and a designated purchase price, which help define the terms and protect the interests of all parties in the transaction.