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  3. a name the offerorandnbspandnbspb name the offereeandnbspc what is the...

Question: a name the offerorandnbspandnbspb name the offereeandnbspc what is the...

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(a) Name the offeror 

 

(b) Name the offeree 

(c) What is the consideration in this agreement? 

(d) For the contract to be formed between the vendor and the purchaser explain what will have to happen. 

(e) The vendor reads the proposed agreement and changes the purchase price from $610,000.00 to $700,000.00. Explain whether there is a formed contract. 

(f) With this change made by the vendor in (e) above, what would the licensee need to do now for the contract to be formed between the vendor and the purchaser. 

(g) Explain why the agreement for a sale and purchase of real estate is always to be in writing.

 

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