Search results

Consideration can for a promise for an act. With property purchases the consideration is the money you pay for it. Imagine buying a pizza. There are no deposits, you just hand over the $20. This is the consideration. With property purchases it is the same, but just the time factor is...

Everywhere.

No not true Marg. Consideration doesn't have to be monetary.

Not really true. A contract can be oral. However for property a contract is only enforceable if it is in writing. This doesn't necessarily mean a formal contract, but could be a back of the envelop thing if 3 or 4 things present: 1. Parties identified 2. property identified 3. price 4. -...