I guess North Dakota is obscure, it's only the second greatest oil producing state, so obviously there can't be very many people leasing there. How silly of me. I guess I really overstepped my bounds this being the Texas general mineral rights discussion. Oh wait, I guess the Texas part of the sign must have blown away.
Whatever.
Like I implied, you have not a legal mind. I was calling it obscure in a legal sense. An intellectual wasteland if you will, or maybe you won't.
Dave, just because you personally don't know something does not make it obscure, in any sense.
Dave Quincy said:
Like I implied, you have not a legal mind. I was calling it obscure in a legal sense. An intellectual wasteland if you will, or maybe you won't.
Offer and acceptance are the "required" elements for the formation of a legally binding contract ... until then, it's only an Offer.
Thank you.
Pat
You left a biggie out. That being CONSIDERATION.
There needs to be a bargained for exchange.
Offer and acceptance are only two of the elements of a binding and/or "legitimate" contract, but by no means the only two.
Wow, 377 views. If anybody wants to lease some minerals acreage, please PM me.