Slide 2:
mr. B
Slide 4:
Selling of a house
Slide 5:
Selling of a house Offeror Acceptor TRANSACTION
Slide 6:
TRANSACTION Offeror Acceptor PROPOSAL/ OFFER ACCEPTANCE
Slide 7:
Selling of house TRANSACTION Offeror Acceptor = Money or Money’s worth = CORE / NUCLEUS + Ingredients = Considerations = Essence of a transaction
Slide 8:
TRANSACTION Offeror Acceptor ACCEPTANCE PROPOSAL/ OFFER + = AGREEMENT Considerations
Slide 9:
AGREEMENT Domestic Agreements unenforceable Legal Agreements enforceable = CONTRACT Legally enforceable agreement = CONTRACT
Slide 10:
1.CONTRACT – Legally enforceable agreements 2.Agreements - Offer + Acceptance + consideration 3. Offer – Proposal 4. Acceptance – Response to the proposal 5. Consideration – Ingredients / transacting medium