A proposal made by one person to another is called
Mutual assent, Legal consideration, competent parties, and l…
Mutual assent, Legal consideration, competent parties, and legal purpose are essential elements of a ______ contract.
Jerry Seller has put his home on the market after being ther…
Jerry Seller has put his home on the market after being there for only 2 years. Jerry Seller tells Casey Buyer that there was all new plumbing installed 3 years ago by the previous owner before Jerry. Jerry believes this is true because the previous own told him so. A pipe bursts and damaged the house after Casey Buyer purchased the home. He finds out that all of the plumbing is rusted and, in fact, not newly installed 3 years ago. If Casey sued Jerry, would this be considered fraud or misrepresentation? Explain.
A court order to a party to stop doing a certain activity is…
A court order to a party to stop doing a certain activity is called a/an _____.
A purchase contract provision stating that the buyer shall f…
A purchase contract provision stating that the buyer shall forfeit the deposit if the buyer fails to complete the purchase is known as
Whenever the duty to perform is terminated, a contract is __…
Whenever the duty to perform is terminated, a contract is _____.
When a property is under contract, normally the one holding…
When a property is under contract, normally the one holding _____ title assumes the risk of loss in the event of damage or destruction before conveyance, buy by agreement, the liability may be moved to the one holding ________ title.
Sam made an offer on a property that was rejected by the sel…
Sam made an offer on a property that was rejected by the seller. The offer from Sam is now
“Contracts whose object or the manner in which they are to b…
“Contracts whose object or the manner in which they are to be performed is contrary to the law or public policy are illegal and, consequently, void.” The previous statement describes ____.
In South Carolina, there was an oral agreement for the selle…
In South Carolina, there was an oral agreement for the seller to fix an uneven floor prior to the buyer purchasing the house. The purchase transaction was completed. However, the buyer, later, realized the seller did not fix the uneven floor. What is course of action can be taken by the buyer?