The Real Estate Encyclopedia
Contract
Category - Real Estate Glossary - Real Estate Terminology

A written or oral agreement, between two or more legally competent parties to do or not to do certain obligations which has four essential elements.

1) Parties who have the capacity or legal ability to contract;
2) Consent of the parties;
3) Consideration and;
4) A lawful object.

 

 
Category(s)
Real Estate Glossary - Real Estate Terminology
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