Can an Offer be Revoked?

This seems to be a question that arises rather frequently. Let’s have a look at some of the issues. Question: Consider the following scenario. A Broker from a Cooperating Brokerage …

Failure to Clarify “Closing Date”

In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, …

Failure to Clarify “Description”

In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, …

Failure to Clarify “Price”

  In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) …

Failure to Clarify the “Parties”

By Brian Madigan LL.B. In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable …

Ingredients of an Enforceable Real Estate Agreement

By Brian Madigan Ll.B. There are several essential elements of a contract: 1)      Parties, (legal capacity) 2)      Lawful object (not illegal) 3)      Intention to create contract (consideration or seal) 4)      Mutual agreement …

Basic Contract Elements

When is an agreement binding? Effectively, there are two choices: 1) as soon as the offer is formally accepted, as in “signed, sealed and delivered”, and 2) when all the conditions …

Buyer Dies Before Closing

What Happens if the Buyer Dies before Closing? By Brian Madigan LL.B. This is “bad news” for the buyer, no matter how you look at it. But, just exactly what …

Related parties?

Who are You Related to? (for real estate purposes) By Brian Madigan  LL.B. Are you related to cousin Vinny? Well, you were until 31 March 2006 and now you’re not. …