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 …
Another Buyer: How to fit them into the Deal
Adding or Substituting a New Buyer to an Agreement in Ontario For some reason, this issue seems to create some complications. How do you add a new buyer? How do …
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. …
Meaning of “Acceptance” (SCC)
The Legal Definition of “Acceptance” Since the art of negotiating is very much part of every real estate deal, and it is the offer and the acceptance of that offer …