Story: Law and the economy

Real estate contracts

Real estate contracts

One of the most common types of contract is that between the seller and buyer of a house or other real estate. Colin Boot's bid of $650,000 for this house meant that he contracted to pay the seller that amount, within a stipulated period of time.

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How to cite this page:

Lewis Evans, 'Law and the economy - Contract law', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/25617/real-estate-contracts (accessed 2 December 2020)

Story by Lewis Evans, published 11 Mar 2010