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In Legal Terms: Contracts
Manage episode 249694076 series 1041544
As we begin the year 2020, familiarize yourself with contracts to protect yourself and understand your agreement.
Professor Richard Gershon reviews contracts for us:
- Contracts don't always need to be written out, but having them in writing makes the agreement clearer to all parties.
- Illegal contracts aren't enforceable
- Contract = Promise and adequate consideration
- Counter offers negate previous offers
- Under 21? NO CONTRACT
A caller also learned you can disclaim an asset that is willed to you.
Hosted on Acast. See acast.com/privacy for more information.
387 episodes
Manage episode 249694076 series 1041544
As we begin the year 2020, familiarize yourself with contracts to protect yourself and understand your agreement.
Professor Richard Gershon reviews contracts for us:
- Contracts don't always need to be written out, but having them in writing makes the agreement clearer to all parties.
- Illegal contracts aren't enforceable
- Contract = Promise and adequate consideration
- Counter offers negate previous offers
- Under 21? NO CONTRACT
A caller also learned you can disclaim an asset that is willed to you.
Hosted on Acast. See acast.com/privacy for more information.
387 episodes
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