Promulgated Contract Forms

1. Texas
Promulgated
Contract Forms
Unit 1: Contract Law
Overview

2. Unit 1: Contract Law Overview
Contract Basics
 Classification of Contracts
 Express or Implied Contracts
 Bilateral or Unilateral Contracts
 Bilateral Contracts
 Unilateral Contracts
 Executory or Executed Contracts

3. Unit 1: Contract Law Overview
Contract Basics
 Elements of a Valid Contract
 Legally Competent Parties
 Minors
 Persons of Unsound Mind
 Mutual Consent between the Parties
 Offer
 Presenting Multiple Offers
 Acceptance of Offer
 Final Acceptance
 Counteroffer
 Termination of an Offer
 Lawful Objective

4. Unit 1: Contract Law Overview
Contract Basics
 Elements of a Valid Contract
 Consideration
 Additional Requirements for Real Estate Contracts
 Legal Description
 In Writing
 Validity of Contracts
 Validity of Contracts

5. Unit 1: Contract Law Overview
Interpreting Contracts
 Statute of Frauds
 Texas Property Code Regarding Conveyances
 Merger Clause
 Parol Evidence Rule
 Determining Conflicts in a Contract
 Conditions Precedent and Subsequent
 Time is of the Essence Clause
 Liquidated Damages Clause

6. Unit 1: Contract Law Overview
Discharging Contracts
 Performance
 Tender of Performance
 Time is of the Essence
 Mutual Rescission
 Cancellation
 Release
 Revocation
 Assignment
 Novation
 Accord and Satisfaction

7. Unit 1: Contract Law Overview
Discharging Contracts
 Breach
 Types of Remedies
 Equitable Remedies
 Unilateral Rescission
 Lawsuit for Specific Performance
 Legal Remedies
 Compensatory Damages
 Punitive Damages
 Nominal Damages
 Statute of Limitations