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.
A buyer who wants to deposit the money himself should remember Paragraph 5 of TREC contracts, which provides that the buyer shall deposit the earnest money upon execution of the contract. The deposit of earnest money is a buyer obligation once the contract is effective. Like most performance obligations in the contract, time is not âof the essence.â Therefore, the buyer has a reasonable amount of time after the contract is executed by all parties to deposit the earnest money.