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  1. Print the notecards
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  1. Verify Front of pages is selected for Viewing and print the front of the notecards
  2. Select Back of pages for Viewing and print the back of the notecards
    NOTE: Since the back of the pages are printed in reverse order (last page is printed first), keep the pages in the same order as they were after Step 1. Also, be sure to feed the pages in the same direction as you did in Step 1.
  3. Cut out the notecards by cutting along each horizontal and vertical dotted line
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20 notecards = 5 pages (4 cards per page)

Viewing:

real estate unit 12 legal aspects

front 1

H. contract

back 1

Agreement to do or not to do a certain thing

front 2

S. unilateral contract

back 2

Contract in which the offeror bargains for the performance of an act as the
acceptance of the offer

front 3

B. bilateral contract

back 3

Contract in which the promises mutually exchanged by each party
constitute the consideration for the contract

front 4

D. competence

back 4

Element of all valid contracts that requires the parties to be over 18, of
sound mind, and not deprived of civil rights

front 5

N. minor

back 5

Person under the age of 18

front 6

P. offer

back 6

Proposal indicating a present intent by the person making the proposal to
be bound by a contract

front 7

K. lapse of time

back 7

Way an offer is deemed to be terminated because the offeree failed to
respond within a reasonable period after the offer

front 8

A. acceptance

back 8

Manifestation on the part of the offeree to agree to the terms of an offer
unconditionally

front 9

I. counteroffer

back 9

Response to an offer that changes some term of the offer

front 10

M. mailbox rule

back 10

Exception to the rule that an offer must be communicated to an offeree,
making an acceptance binding upon deposit in the U.S. Mail

front 11

G. consideration

back 11

Any benefit conferred upon the promisor in a contract that will support
the formation of a contract

front 12

T. valid contract

back 12

Contract with all required elements and is therefore binding and
enforceable

front 13

Q. parol evidence

back 13

Oral statements made during the negotiation of a contract that are
“merged” into a written agreement upon its execution

front 14

F. condition subsequent

back 14

Event, which if it occurs, excuses one party from further obligations to
perform under a contract

front 15

E. condition precedent

back 15

Something that must happen before one party to a contract is obligated to
perform

front 16

L. liquidated damages

back 16

Term in a contract by which the parties agree that if one party breaches
the agreement, their liability is limited to a specific amount

front 17

O. mutual rescission

back 17

All parties to a contract agree to cancel the agreement and put
themselves back where they started

front 18

C. breach

back 18

Failure by one party to comply with his or her obligations under a
contract

front 19

R. statute of limitations

back 19

Time limit for someone to file a lawsuit or be forever barred from
enforcing a legal right in court

front 20

J. laches

back 20

Flexible time limit within which someone must seek an equitable remedy
from a court