Business Law

Business Law

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  • Introduction to a Contract
  • This apartment is beautiful! We think we want to place an offer. How much are the owners asking?
  • Offer
  • The offerors are asking for $600,0000. What are you willing to offer?
  • We would like to offer the original $600,000.
  • Capacity
  • Absolutely!
  • Well, first of all, are you of mental capacity to purchase this fine estbalishment? Only people of sound mind can move forward in a contract.
  • Legality
  • Also, are you both legally of age of buy this apartment? You know that you have to be over 18 years old to buy an piece of real estate.
  • Consideration
  • Waiting for the owner to consider the offer...
  • Acceptance & Genuine Agreement
  • I have good news! The owners accepted your offer at $600,000!
  • But of course! My husband is 27 and I am 25 years old.
  • Okay! Then I will call the owners and present your offer. The owner will have to consider your offer before they accept.
  • That is great news! Thank you! We are so happy that we have a genuine agreement since we have agreed to enter the contract!
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