Help in Question 5
Discussion Questions 1. Discuss the four essential elemens of a contract. 2. Identify the three elements of acceptance 3. What dos the Texas Statute of Frauds tell us When may computer-driven printers be used to produce Texas Real Estate Commission (TREC) promulgated forms? Match the following contract-related terms with tbe proper statenment 4. 5. Against maker An enforceable agreement to do, or not to do a thing A. 2Bilateral contract Closing Contract B. At least 18, sane and sober C. Purpose of contract must be lawful D. Something of value must he eschanged such as 5Coatract for Deed 6, consideration 7 Counterofter &--Competent parties ioney or promises E. Meeting of the minds F. One party makes a promise G. Both parties make promises H. Party making an offer Duress Party receiving an offer 1. The power heid by an ofieree in a negotiation K. Partial rejection for acceptance) of an offer L. False statement relied upon to induce a person Equitable tide I Effective dste 12 Earnest money into a contract Four comers doctrine M oth parties in error as to some integral fact in the contract N. Use ol physical force to indace i party to sign a O. The mere 14. Fraud 15. Interlineations 6Legal title 17Legal subject matter contraC threat of physical force to induce a party to sig P. Dominion and control exercised over the mind of another Q Amount of tirne assumed when a specific time is not stated iquidated damages Menace R The instrument must he read in its entirety S. Writing between the lines of a contract T. When a contract is undear courts rule against t 19 Merger doctrine drafter od contract U. Oral input cannot be used to vare the promises in 2Mney damiages a contract V. Otten when both parties have signed and filled in 22. Mutual assent by broker Mutual mistake Otteree 23 W. When a contract may be enforced by both parties X. When a contract may be disaffirred by ane party Y. When a contract is not a contract at all 25 Offerror Discussion Questions 1. Discuss the four essential elemens of a contract. 2. Identify the three elements of acceptance 3. What dos the Texas Statute of Frauds tell us When may computer-driven printers be used to produce Texas Real Estate Commission (TREC) promulgated forms? Match the following contract-related terms with tbe proper statenment 4. 5. Against maker An enforceable agreement to do, or not to do a thing A. 2Bilateral contract Closing Contract B. At least 18, sane and sober C. Purpose of contract must be lawful D. Something of value must he eschanged such as 5Coatract for Deed 6, consideration 7 Counterofter &--Competent parties ioney or promises E. Meeting of the minds F. One party makes a promise G. Both parties make promises H. Party making an offer Duress Party receiving an offer 1. The power heid by an ofieree in a negotiation K. Partial rejection for acceptance) of an offer L. False statement relied upon to induce a person Equitable tide I Effective dste 12 Earnest money into a contract Four comers doctrine M oth parties in error as to some integral fact in the contract N. Use ol physical force to indace i party to sign a O. The mere 14. Fraud 15. Interlineations 6Legal title 17Legal subject matter contraC threat of physical force to induce a party to sig P. Dominion and control exercised over the mind of another Q Amount of tirne assumed when a specific time is not stated iquidated damages Menace R The instrument must he read in its entirety S. Writing between the lines of a contract T. When a contract is undear courts rule against t 19 Merger doctrine drafter od contract U. Oral input cannot be used to vare the promises in 2Mney damiages a contract V. Otten when both parties have signed and filled in 22. Mutual assent by broker Mutual mistake Otteree 23 W. When a contract may be enforced by both parties X. When a contract may be disaffirred by ane party Y. When a contract is not a contract at all 25 Offerror
