Contract Clauses, Including Amendments and Addenda ????

Contingencies and Clauses Contingencies can make a contract voidable. Contingency A condition in a contract that requires completion of something before the contract will be binding. Appraisal An appraisal contingency protects the buyer and is used to ensure a property is valued at a minimum, specified amount. APPRAISAL CONTINGENCY.  If the appraised value is less than […]

General Knowledge of Contract Law ????

Real Estate Training Institute

What is a contract? A Contract is a voluntary, legally enforceable promise between two competent parties to perform some legal act in exchange for consideration. Requirements for validity Contracts must be/have Mutual Assent or Agreement An essential element of a contract. Mutual assent is an agreement between two parties that intend to form a contract. […]