Elements of a Valid Contract

Lakukan tugas rumah & ujian kamu dengan baik sekarang menggunakan Quizwiz!

Jessica enters into a contract to acquire real property in return for some form of consideration. On the contract, Jessica is regarded as the___

Buyer

Dwight tells his buyer Jamie that a nearby stream could possibly flood the basement, though it's never happened to him. After signing the contract, Jamie's home inspector shows proof that the basement flooded last year, when Dwight was still living in the home. What's true about the situation?

Dwight has committed fraud, which has invalidated Jamie's consent.

A valid contract must include which of the following elements?

Legally competent parties

A real estate contract written for a illegal purpose is___

Void


Set pelajaran terkait

ACT study guide Math: Linear Inequalities with One Variable

View Set

Service Response Logistics (Chapter 12)

View Set

OP3207 - Scientific manuscripts and literature reviews

View Set

Culture and Social Structure Section Unit 3 Review Guide

View Set

The Hindenburg Reading Passage, ***TEAS READING, ***TEAS SCIENCE, Teas Review, Reading teas version 6, The Titanic Reading Passage, Bumblebees Reading passage, Teas Test Reading, TEAS 6th Edition (Reading), Travel Reading Passage Vocabulary, Teas Exa...

View Set

BRM Chapter 1: Research problems and questions and how they relate to debates in Research Methods

View Set

Anthro Final-Origin of Cities and States

View Set