What are the elements of a valid and enforceable real estate sale contract.

What are the elements of a valid and enforceable real estate sale contract.

Chapter 11

  • C  Competent Parties
  • O  Offer and Acceptance (mutual assent or meeting of the minds)
  • L  Legal Purpose
  • I   In writing and signed (to comply with the Statute of Frauds)
  • C  Consideration (mutual promises by both parties, Valuable or Good)

 

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