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Determine power
The acronym that is commonly used to remember the elements of a valid and enforceable contract is COAL.
What is the COAL acronym?
- Any contract must contain four basic features in order to be valid.
- In other words, a real estate contract must include these important characteristics in order to be legally binding.
- The abbreviation COAL might help you remember the four important contract elements.
- Consideration is defined as a value exchange. The parties' values exchange could be equal, but it is not needed.
- A proposal must be made. The buyer typically makes the offer in real estate negotiations.
- In a real estate contract, the offeree, who could be the seller or bidder depending on whether there were any counter-offers, will do this.
- The goal of the real estate deal must be legitimate.
To learn more about contracts refer to:
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D. Frederick Taylor because I learned it in class today and I searched it up
There would be a much more severe cause of global warming if there is a sudden increase in greenhouses gases. With greenhouse gasses such as carbon dioxide, the heat of the earth cannot be penetrated through the atmosphere and will be trapped, the sunlight also cannot be reflected.
