Real Estate Law

“The most important thing to realize is that the new ways of doing real estate come from a need for a shift in the industry” – (courtesy of http://blog.zippyshell.com/old-vs-new-ways-of-doing-business-in-real-estate-3566.htm)

As seen in Chapter 15 of Real Estate Principles by Charles J. Jacobus, property tax is a large source of income for local governments. When property taxes are not paid, a lien is placed on the property. If property taxes are not paid, this gives the government the right to seize the property. This is currently happening to Bill Davies, a developer from Chicago, Illinois.

The area of law relevant to this question is the review of a contents of a contract enforced between two parties.

This agreement made and entered into this date October 23, 2015, by and between Machines, Inc. of Austin, Texas, and Widgets, Inc. of Detroit. It was designed for both parties to understand terms and condition of their trading. This sale contract was developed by Uniform Commercial Code, which is government rules regarding businesses or companies. According to Raina article, “the terms and conditions in import contracts outline the rights and obligations of the importer and the foreign supplier in carrying out the transaction (1990, sec.1). This contract regards for the purchase of the goods described below:

Mercedes Connolly and her husband purchased airline tickets and a tour package for a tour to South Africa from Judy Samuelson, a travel agent doing business as International Tours of Manhattan. Samuelson sold tickets for a variety of airline companies and tour operators, including African Adventurers, which was the tour operator for the Connollys’ tour. Mercedes and injured her left ankle and foot. She sued Samuelson for damages. Is Samuelson liable?

This transaction will be governed by the UCC because it is for the sell of good. This transaction would also be considered a bilateral contract because the offeree’s acceptance was by a promise. Bilateral contracts allow for either a promise to perform or performance. The transaction will also fall under the Statue of Fraud because the transaction is for the sell of goods that is over the amount of $500. The requirement for the SOF in regards to the sale of goods is that the contract must be in writing, signed by the party to be charged, identify the parties and contain the quantity being sold.

A contract comes into existence with the initiation of an offer made by one party, which in turn should be ‘accepted’ by the other party. The element of offer and acceptance thus initiate the legal process of the formation of a valid and binding contract. The significance of acceptance with respect to the contract laws stems from the fact that the proposed offer must be accepted by the promisee and forthwith be communicated to the promisor. Together offer and acceptance create a promise which can

This contract is a consulting sales contract between Textile Corporation of America and Mainsail Group. The contract will be in effect after the trial of the first two accounts in which TCA agrees to abide t the contract rules and guidelines and so does Mainsail Group. Upon the conclusion of the 2 primary accounts TCA and Mainsail will extend to a 24 month contract in which Mainsail will act as a consultant sales team for TCA and bring valued accounts for review to TCA. Upon approval by TCA to contact those accounts, Mainsail will approach those accounts under the guidelines TCA may already have in that place, but will be communicated prior to giving approval to Mainsail.

While various components become possibly the most important factor, at last a property's worth is judged by one and only figure - what amount would somebody say somebody is readied to pay for it at the time? The hugest contemplations for evaluating a property are late deals and current rivalry. The previous is a survey of what different properties of this sort have sold for, while the last considers comparative homes that are in the blink of an eye available.

I believe that there were two contracts made in this scenario. The first one was the verbal contract that sated that the stipulations of price and the fact that there needed to be a written contract before distributing the product. The email, since it was in writing can also count as a written contract; both parties had knowledge that there would be some sort of written agreement. Chou was in the right to think that the email stating the key terms and agreements counts as a contract.

The contract is a legally-enforceable promise or a set of promises. The four elements of the contract are 1) the agreement, 2) the consideration, 3) contractual capability, and 4) lawful object (Cheeseman, 2015, p. 188). These elements are required to exist for a contract between Sam and the chain store to be valid. The first element of the contract is the agreement which is a combination of the offer and an acceptance which both need to exist. The agreement between Sam and the chain store exists because Sam had verbally agreed to send 1,000 units to the chain store, as per conversation with the store manager. The second element of the valid contract is the consideration which could exist if both parties, Sam and the chain store, had agreed

In order for a contract to be considered valid four elements must be present, 1) Agreement 2) consideration 3) contractual capacity and 4) legal object (Kubasek, N. 2011 pgs. 304/305).. In Sam’s case of his invention, the first element, Agreement, certainly exists. Sam had made a verbal “offer” to deliver one thousand units to the chain store, and the stores letter to Sam demanding delivery of the product can be considered an acceptance of his offer. The second element of a contract is the consideration or the bargained for exchange under the contract (Kubasek, N. 2011 pg. 343). While one might assume that in this situation each party had agreed to exchange something for others services, there is no evidence

With over a million lawyers in the US focusing on different areas of law, you might wonder if any given lawyer has trial experience.

The buyer will accept the Goods and pay for the Goods with the sum of sixty thousand (16,000.00) USD, paid in cash as required in clause 4 of this Agreement.

In term of Real Estate Law, the law recognizes two classifications of property which are real and personal. Real property relates to land and those things that are more or less permanently attached to the land, such as homes, office buildings, and trees. Personal property refers to all other things, such as automobiles, furniture, computers, bank accounts, stocks, and bonds. Real property includes rights to the airspace above the surface of the property, mineral rights to minerals located beneath the surface, and water rights for water located on or beneath the surface of the land. A fixture is an article of personal property, such as an air conditioning unit or a dishwasher, which has been installed in or attached to land or a building and, on attachment, is regarded