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RES421 New Zealand Real Estate

Quentin, a work placement student in your office, is helping with the filing of some recent real estate contracts. He asks you what a contract is. Explain the six elements of a contract.Useexamples of real estatetransactions to illustrate each one.Your answer should be up to for each element.(b)Using your own words, explain the two requirements for an agreement for the sale and purchase of real estate to be enforceable under section 24 of the Property Law Act 2007.Your answer should be up to 50 words.Explain contracts to Moana(c)Moana, a young customer, wants to make an offer on James’ property. She has never bought a house before and admits she doesn’t know much about contracts. Explain each of the following to her.(i)What happens if she changes her mind before her offer is accepted.Your answer should be up to 50 words.(ii)The three waysJames can respond when he receives the offe

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