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.
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The scientists who provided this hypothesis had an idea that the species evolved in order to accommodate their needs on certain islands. For instance, an example is beak size of certain birds which Darwin thought that this was to eat certain foods.
They cant be faster because they have smaller fins but thats just my logic hope i helped