Understanding Contracts means knowing something about how courts handle contract disputes. It is contractual disputes which have caused the courts to define the Necessary Elements and Material Terms of contracts. Many contract disputes involve Contract Formation. That means understanding Offer, Acceptance and the misunderstood subject of Acknowledgement. Contract formation also involves Termination of Offers. All these issues are covered in this subject
A big part of any contract for the sale of real property is the earnest money pledged by the buyer. Understanding and handling earnest money is covered in the Earnest Money section. Also covered is the complex and, at times, confusing subject of dealing with Multiple Offers.
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