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For VALUABLE CONSIDERATION of TEN DOLLARS Form

For VALUABLE CONSIDERATION of TEN DOLLARS Form

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hello I'm Chris Griswold thanks for joining me this month uh we're going to talk about legal consideration this month basically any and all contracts have to have consideration whether you're a real estate person or you're a business person uh contracts uh have to have consideration given that's value exchanged by Between the parties it can be monetary or or non-monetary but it has to be value things what's involve real estate usually Oklahoma's taxes whatever are usually ten dollars as a minimum consideration that's for a house or a piece of land anything that is real property personal property cars boats tractors that sort of stuff is usually a dollar exceptions to that are exchanges between family members you know from a father to a son or a mother to her daughter that can be for the consideration of love and affection um but that's kind of a quick breakdown on on what is is related to consideration in contracts

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