Instructions for Installing Your Own Cable Outlet: When youâve decided where to install the new cable outlet, measure up 15â³ and mark an area 1-1/2â³ x 3-3/4â³ . Using a keyhole saw, cut through the drywall to create the opening for the installation of a low voltage electrical box.
The acceptance of a verbal contract occurs when the person to whom the contract is offered voluntarily indicates agreement to its terms and conditions. Consideration: In addition to an offer and acceptance, verbal contracts must contain consideration. This means that each side must give the other something of value for the agreement to be binding. In most verbal contracts, this is an exchange of money, such as a down payment. However, in some cases, it is not money but a promise that is exchanged.
Under Contract. When an owner accepts a written offer, he countersigns the offer to purchase agreement. This agreement is a contract so signing places the property under contract. Once a property is under contract, the contract is binding and the seller cannot change her mind and sell to someone else. However, if you are still interested in the property, you can submit a back-up offer. If the contract falls through, you could be first in line to buy the property.