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| | "Agreement" Defined & Explained |
 | | To render an agreement complete six things must concur; there must be, 1, a person able to contract; 2, a person able to be contracted with; 3, a thing to be contracted for; 4, a lawful consideration, or quid pro quo; 5, words to express the agreement; 6, the assent of the contracting parties. |
 | | Executory agreements, in the ordinary acceptation of the term, are such contracts as rest on articles, memorandums, parol promises, or undertakings, and the like, to be performed in future, or which are entered into preparatory to more solemn and formal alienations of property. |
 | | Again, the agreement may be null, as when it was obtained by fraud, duress, and the like; and the articles of agreement may be good, as far as the form is concerned. |
| www.lectlaw.com /def/a030.htm (397 words) |
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