Statue of Frauds: must be in writing to be enforceable 1. Employment agreement (listing or buyer broker agreement) 2. Purchase agreements (options and deeds) 3. lease for more than one year 4. any contract more than one year Contract Essential Elements: 1. Competent parties (over 18, sober, full mental capacity) 2. Consideration - goods and services 3. meeting of the minds (offer and acceptance) 4. Legal purpose 5. must be in writing 6. Proper description
Essential Elements of a contract: 1. Competent parties 2. Consideration 3. Meeting of the minds 4. Legal purpose 5. Must be in writing 6. Proper description of property.
Statue of Frauds: must be in writing to be enforceable
1. Employment agreement (listing or buyer broker agreement)
2. Purchase agreements (options and deeds)
3. lease for more than one year
4. any contract more than one year
Contract Essential Elements:
1. Competent parties (over 18, sober, full mental capacity)
2. Consideration - goods and services
3. meeting of the minds (offer and acceptance)
4. Legal purpose
5. must be in writing
6. Proper description
Thank you Harry. Your quick summaries are awesome!
Great explanation and humor!
Essential Elements of a contract:
1. Competent parties
2. Consideration
3. Meeting of the minds
4. Legal purpose
5. Must be in writing
6. Proper description of property.
Hi Mr. Hogan
I have big confusion about Expousure time and marketing time. I read some university course book but still I do not understand stand.