Contract Law In Today’s Market

🔊 Listen to Lesson

🔊 Listen to Lesson

🔊 Listen to Lesson The 5 Characteristics of Enforceable Contracts Consideration Both parties must give and receive consideration for a contract to be valid. If Jack signs a contract with Paula, agreeing to buy…The 5 Characteristics of Enforceable Contracts Consideration Both parties must give and receive consideration for a contract to be valid. If Jack […]

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🔊 Listen to Lesson

🔊 Listen to Lesson Four Contract Categories All real estate contracts fall into four specified contract categories. They can be: Valid, Void, Voidable, or Unenforceable Bilateral or Unilateral Express or Implied Executor or Executed…Four Contract Categories All real estate contracts fall into four specified contract categories. They can be: Valid, Void, Voidable, or Unenforceable Bilateral […]

🔊 Listen to Lesson Bilateral or Unilateral Contracts can be ‘bilateral’ or ‘unilateral’. In a bilateral contract, both parties are legally obligated to do something. For example, John promises to sell his home to…Bilateral or Unilateral Contracts can be ‘bilateral’ or ‘unilateral’. In a bilateral contract, both parties are legally obligated to do something. For […]

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🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

🔊 Listen to Lesson Contract Discharged If the contract parties have satisfied the requirements of the contract to the satisfaction of each other, a contract is said to be discharged. This is the ultimate…Contract Discharged If the contract parties have satisfied the requirements of the contract to the satisfaction of each other, a contract is […]

🔊 Listen to Lesson 4. Objective Impossibility of Performance A contract may be discharged if, after it is made, performance becomes objectively impossible. For instance, a property is destroyed by an earthquake or some…4. Objective Impossibility of Performance A contract may be discharged if, after it is made, performance becomes objectively impossible. For instance, a […]

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🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

🔊 Listen to Lesson When one party fails to honor his or her part of a contract, there is a breach of contract. A breach occurs whenever one party: Makes it impossible for the…When one party fails to honor his or her part of a contract, there is a breach of contract. A breach occurs […]

🔊 Listen to Lesson Remedies The usual remedy for breach of contract is the payment of money which compensates for injury or damages. Four remedies include: Liquidated Damages Damages Rescission Specific Performance 1. Liquidated…Remedies The usual remedy for breach of contract is the payment of money which compensates for injury or damages. Four remedies include: […]

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🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Quiz.You will need to wait for the timer to run out before you can submit the Quiz.

🔊 Listen to Lesson A significant number of disputes could be avoided if those involved in a real estate transaction would consistently adhere to the basic principles of contract law. Obviously, reducing disputes between…A significant number of disputes could be avoided if those involved in a real estate transaction would consistently adhere to the basic […]

🔊 Listen to Lesson More than just a home inspection. Most buyers and their agents understand the importance of a home inspection to discover physical defects in a property. However, there are other due…More than just a home inspection. Most buyers and their agents understand the importance of a home inspection to discover physical defects […]

🔊 Listen to Lesson Can I Cancel My Contract? Lessons from an Up-Market As a trial attorney specializing in real estate litigation, I have been inundated in what I refer to as my “up-market…Can I Cancel My Contract? Lessons from an Up-Market As a trial attorney specializing in real estate litigation, I have been inundated […]

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🔊 Listen to Lesson

🔊 Listen to Lesson AAR Brings You Standard Forms! Below is a list of AAR’s forms accompanied by a short description. A sample of each form can be found by clicking on the name…AAR Brings You Standard Forms! Below is a list of AAR’s forms accompanied by a short description. A sample of each form […]

🔊 Listen to Lesson Notice of Nonrenewal of Lease Agreement – Use this form to notify tenant(s) that the lease will not be renewed and that the tenant(s) must vacate the Premises upon a…Notice of Nonrenewal of Lease Agreement – Use this form to notify tenant(s) that the lease will not be renewed and that […]

🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.

🔊 Listen to Lesson