The Law Of Contract & The Law Of Agency In Real Estate - Law Assignment Help

Assignment Task 

Purpose

This unit standard is for people preparing for entry into, or who are currently working in, the real estate industry.

People credited with this unit standard can:

• explain the law of contract in a real estate context.
• explain the provisions of the law of agency in a real estate context; and
• determine appropriate signatories for different entities for contracts in a real estate context.

Question 1

In general terms explain the law of contract

Question 2

Explain how you could identify the correct signatory of an Agency Agreement.

Question 3

Real Estate is based around 2 common contracts.

Identify the contracts, the parties involved and explain the purpose of each

Question 4

Explain each of these terms in relation to the discharge of contracts

Question 5

A contract requires 6 elements to be present for it to be legally binding. Explain each one in your own words.

Question 6

Explain if the contract is legally binding and include reasons for your answer.

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