Critical Analysis
The contract I will be discussing is a Buyer Agency Agreement, which is a legal document leasing a property for rent to tenants from a landlord.
“A contract is a legally enforceable agreement between two or more people” (Rogers, S., 2012, para. 1). This contractual agreement states that the landlord will be renting to the tenant for a specified amount of time until a mortgage is acquired and the home is closed for sale.
This contract is a formal contract which is “in writing, signed, witnessed, and sealed by the parties” (Rogers, S., 2012, para. 4.1). The first essential element of an enforceable contract is the offer. “One of the parties made a promise to do or refrain from doing some specified action in the future” (Judicial Education Center, 2017, para. 1).
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