In Legal Terms: Contracts
As we begin the year 2020, familiarize yourself with contracts to protect yourself and understand your agreement.
Professor Richard Gershon reviews contracts for us:
Contracts don't always need to be written out, but having them in writing makes the agreement clearer to all parties.
Illegal contracts aren't enforceable
Contract = Promise and adequate consideration
Counter offers negate previous offers
Under 21? NO CONTRACT
A caller also learned you can disclaim an asset that is willed to you.
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The skinny
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