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Underline Sales Contract

Underline Sales Contract

Aug 6th, 2022

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How to Underline Sales Contract

4.8 out of 5

56 votes

In autumn, first-year law students learn that land is unique in the legal system, leading to distinct treatment in contracts for its sale. A real estate sale involves two phases: the contract phase, where parties agree on sale terms, and the closing phase, where the land is transferred to the buyer. This presentation focuses on the contract phase, exploring the necessary requirements for real estate sale contracts. It will cover the seller's fundamental responsibilities and remedies for breaches of the contract. To be enforceable, a land sale contract must meet the statute of frauds, which mandates that these contracts be in writing and signed by the parties, separate from the deed that effects the actual transfer.

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