Answered
In Business Law
What is an unrecorded agreement called?
Well im not sure if this is an official term, but I've always known that as a verbal contract.
Results for: Unrecorded
Answered
What is the accounting journal entry for unrecorded inventory?
Unrecorded inventory may be conceived as theft. To avoid this, you can record this entry in your accounting journal under some of these examples; items scrapped, moved ite…ms, or goods sold from stock. (MORE)
Answered
In Accountants
Auditing course - how to find unrecorded liabilities?
1. Look through unpaid invoices - look at the description of the services provided, and invoices date, Delivery Order date 2. Look at payment voucher after year end to… find out the expenses that should be recorded in prior period, if any 3. Sent confirmation to suppliers to confirm the amount outstanding as at year end 4. Look at the expenses account, for potential indication of services which should be accrued in current year Profit & Loss - specifically payroll and vacation. 5. Perform cut off test. (MORE)
Answered
How long is an unrecorded deed valid?
One of the best features of a modern society is the system of land registration that organizes and documents land ownership. A grantee who is in possession of an unrecorded de…ed is treading on dangerous ground. Every state in the United States has its own recording statutes that address the recording ( in the land records) of written instruments that affect the ownership of real property. There are three types of recording statutes: race, notice and race-notice. The purpose of these recording statutes is to give notice to the community that there has been a change in ownership or that there has been an encumbrance made against the real estate. Under the race process the priority of ownership in the case of more than one grantee would be determined by the first to record their deed. That priority would also apply in the other two types of recording statute states as long as the successive grantee was not given notice that the land had already been conveyed or encumbered. In practical terms this means that if an owner of land conveyed the property to two different grantees with the first not recording their deed, the second would own the property if they recorded their deed and if they had no notice of the first deed. The first grantee who didn't record their deed would only have a monetary claim against the grantor, they would not own the land. Generally, until the deed is recorded it can only be upheld against the grantor. If the deed remains unrecorded it can be lost, stolen, destroyed or accidently discarded. If that happens there is no record of the purchase. Should the grantor forget they conveyed the property to you and years later conveys the land to another grantee and THEY record their deed, that grantee would be the owner of the land. They announced their ownership to the world by recording their deed. Your deed would be only good for making a claim against the grantor to regain your purchase price if you sue in court and if you prevail. A more serious and difficult situation will result if the grantor died and you need to sue her heirs or estate. On the other hand, if the grantee in an unrecorded deed dies without recording it, their heirs will encounter legal problems in trying to claim the land, or, they may never know you purchased it. Another problem with not recording a deed arises if a creditor records a lien against the "former owner" who is actually still the record owner. The new owner is out of luck if they didn't record their deed. When you don't record your deed you create the possibility that liens will be recorded against the prior owner and the property will be subject to all of them. You can't sell the land until you record your deed, and, you may have to pay off liens at that time. If you don't record your deed you will not receive tax bills. If you don't receive them you won't know when the taxes are due and they may become delinquent. In that case the town can take possession of the property and you will never know. Deeds should always be recorded immediately. (MORE)
Answered
In Technology
How do you unrecord programs on dvr?
Depends on the DVR, Dish or Direct? Typically through the menu to record schedule or similar item. Consulting the manual that came with it is your best bet.
Answered
Which accounts payable procedure can be used to locate unrecorded liabilities?
Yes, Current Liabilities are liabilities that will be paid off in one year or less. Accounts payable is where you record such liabilities. If it's a payment that will be made …in more than one year... accounts payable is a liability. Accounts Payable is a liability none Chart of accounts is used for compiling General Ledger and financial accounts by accountants. AR and AP use aged trial balance. (MORE)
Answered
Can anyone give you rap lyrics that you can sing unrecorded?
well, if you want to show the world your song then your gonna have to make up lyrics yourself. As a singer/songwriter/musician i can understand that it is a little hard to mak…e up your own lyrics. If u really want to go the short way, here's an example of what you can do. Let's say you want to write a song about mothers. Easy one, go to google: Lyrics or songs for mothers or mothers day. Whichever (MORE)
Answered
In Jesus Christ
Was there any unrecorded period of Jesus?
Yes, of course. There is complete history of no man who ever lived on earth. In the case of Jesus, the Bible records the story of his birth. The visit of the Wise Men and his …first trip to the temple at age 12. Nothing more is recorded in the Bible until he announces the beginning of his ministry, his baptism and his fast when he was approximately 30 years old. For the next three years, the Bible records a very spotting history of travels and preaching, but not a day by day record of his coming and goings and doings. (MORE)
Answered
Can you sell house in ga with unrecorded quitclaim deed?
If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property . The property will remain v…ulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link. If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property . The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link. If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property . The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link. If the deed is unrecorded then you will remain the record owner and any liens or other encumbrances recorded against you will affect the property . The property will remain vulnerable to your creditors and the property taxes will be assessed against you. The world doesn't know the property has a new legal owner until the deed is recorded. If you die before the deed is recorded the deed may be deemed invalid in some jurisdictions. See related question link. (MORE)
Answered
In Estates
How do you correct an unrecorded quit claim deed when the grantor is deceased?
You cannot correct an error in an unrecorded deed when the grantor has died. You need to take the matter before a judge and request the court's help in making the necessary co…rrections, depending on the nature of the error. The deed may be deemed null and void. In that case, the grantor's estate must be probated and you must get a deed from the estate or from the heirs. You need to have your situation reviewed by an attorney who specializes in real estate law in your jurisdiction. (MORE)