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  1. Consideration – The reason or cause of a contract; a benefit and detriment to both parties. Basic monetary consideration ($10.00) Services provided by both parties (i.e. I will draft your Will if you will cut my hair) The value of the consideration is at the discretion of the parties. MANNER OF CREATING CONTRACTS.

  2. OKLAHOMA STATUTES TITLE 15. CONTRACTS ... Legal and contract rates of interest.....76 §15-272. Banks to report interest rates - Cancellation of charter for violating ...

  3. If the contract is ambiguous, then its meaning may be gathered by the acts and conduct of the parties, industry custom and usage, past dealings between the parties. The interpretation of an ambiguous contract is a mixed question of law and fact and should be submitted to jury. If the contract is ambiguous, it must be construed against the drafter.

  4. §15-562. Contract of sale valid, when. §15-563. Brokers - Parties liable. §15-564. Contract of sale - When invalid. §15-565. Bucket shops defined and prohibited. §15-566. Prima facie evidence of illegality of contract and operation of bucketshop. §15-567. Punishment for violations - Second offenses - Forfeiture of corporate charters. §15 ...

  5. Chapter 1 - NATURE OF CONTRACTS (§§ 1 — 115) Chapter 2 - MANNER OF CREATION OF CONTRACTS (§§ 131 — 150) Chapter 3 - CONTRACT INTERPRETATION (§§ 151 — 178) Chapter 4 - UNLAWFUL CONTRACTS (§§ 211 — 222) Chapter 5 - EXTINGUISHMENT, RECISSION, AND OTHER TERMINATION OF CONTRACTS (§§ 231 — 242) Chapter 5A - FAIR PRACTICES OF ...

  6. Yes. There is a statute in Oklahoma that expressly allows contracts between husband and wife. There are limits to what a husband and wife can agree, however. After marriage, the ability of spouses to contract for the disposition of property or child support are subject to revision by a divorce court.

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  8. Offer. The first essential element of a binding contract is an offer. An offer is a specific proposal to enter into an agreement with another person. Sometimes there is a question of the intent of an offer. An offering party's intent is determined by what is reasonable in the shoes of the other party who might accept the offer.

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