RECA unit 5-1 common law and real property law Questions and Answers Solved 100% Correct!!

breach - .one party announce not perform .one party make it impossible to perform .failure to perform capacity issue - .intoxication/ substance impairment .incompetence .age .language case law - court interpreted legislation applying to specific set of facts common law - system of historical customs and accumulated court decisions evolved through English legal system become body of law common mistake - all party hold same erroneous belief regarding fact of contract compliance dower act - .obtain untitled spouse's consent .titled owner complete affidavit, states owner is not married, or married but the property is not homestead, or not resided .untitled spouse release condition - impediment to enforceable contract condition precedent condition subsequentconsideration - .of some value .lawful .not past consideration .contract without consideration but made under seal may still bind contract - binding agreement, enforceable by court between two or more persons, competent at law for consideration or value to do or refrain from doing some lawful and genuinely intended act contract terms - not impediment to contract essential details of contract, represent point of agreement doctrine of estate - natural, degree, extent, and duration of a person's interest in land, three types: .fee simple .leasehold .life estate doctrine of tenure - English system principal lord are tenant of King allow sublet land Dower act - life interest to spouse lived on property during course of marriage but not listed on title as owner only apply to legal marriage and property is matrimonial residence (homestead) prevent disposition of land without consentduress - absence of free will being pressured by threat of violence or force essential elements of contract - .legal capacity of parties .lawful object, legal contract .intent to enter into contract .consideration for promises .parties in agreement .have all facts, use free will, genuine consent