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Contracts

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
show A written promise to pay, by the buyer, and a written promise to deliver a deed, by the seller  
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COLIC   show
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Valid Contract   show
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Competant parties   show
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Offer and acceptance   show
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show Something of value given by the party to a contrac-the buyer's promise to pay in exchange for the sellle's promise to deliver a deed  
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show A law requiring all real estate contracts to be in writing to be enforceable  
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show No contract at all-one of the key elements is missing-invalid contract  
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Voidable Contract   show
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show Will not be enforced by the courts-oral real estate contract-violates the statute of frauds  
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show Written or spoken  
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show By actions or evidence but not written or spoken  
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Time is of Essence   show
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show A contract where only one party made a promise, only one party can be sued-if...then...  
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Created by: Shirilyn
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