Real Estate Transactions and APS

The purpose of an Agreement of Purchase and Sale (APS) is to create a promise of contract between the parties involved in a real estate transaction.

The Undisclosed Principal Rule in Contracts refers to a situation where an agent negotiates on behalf of a third party without disclosing the identity of the principal.

Yes, according to the Electronic Commerce Act (Ontario) after 2013, an APS is valid if created and signed electronically, including email signatures.

<p>Consideration in an APS refers to something of value exchanged between the parties involved in the contract. It can be a promise or promises, and it doesn't always have to be money.</p> Signup and view all the answers

<p>When determining who the APS favors overall, various factors should be considered, such as the terms and conditions, obligations, and benefits outlined in the agreement.</p> Signup and view all the answers