Summary: <p>As we begin the year 2020, familiarize yourself with contracts to protect yourself and understand your agreement. </p><p>Professor Richard Gershon reviews contracts for us: </p><ul> <li>Contracts don't always need to be written out, but having them in writing makes the agreement clearer to all parties. </li> <li>Illegal contracts aren't enforceable</li> <li>Contract = Promise and adequate consideration</li> <li>Counter offers negate previous offers</li> <li>Under 21? NO CONTRACT</li> </ul><p><br></p><p>A caller also learned you can disclaim an asset that is willed to you.</p><br><hr><p style="color:grey;font-size:0.75em;"> Hosted on Acast. See <a style="color:grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for more information.</p>
