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Fundamentals of Contract Law CHAPTER 10

Across
Both parties promise to perform in exchange for performance by other party
A type of contract that is legally enforceable
Listings, sales contract and leases greater than a year must be
One party defaults contract
If offered changes offer's term, altered offer
One party promises to perform if other part acts-other party does not have to act
a set of rules provided by the Real Estate Commission. Real Estate License?
Meets all validity criteria
Performance is yet to be completed, e.g contract prior to closing
Down
Is not a contract, does not meet criteria
Parol Contract
Air, Water, Land and anything affixed to the land.Can be owned privately by individuals, private entities r publicly by government entities.
One party promises to perform if other part acts-other party does not have to act
Mutual Promise based on a meeting of the minds
Contract is fully performed