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Are you bound to purchase a car in Idaho if you've signed the paperwork for a it but you haven't taken delivery or paid a down payment and the trade-in is in your possession?
Wiki User
∙ 18y ago
If you still have the title to the trade, you may not have effectively given a down payment. By turning over the title you have given down payment and that establishes the rest of the contract. For a contract to be enforceable you have to sign the papers, take possession when appropriate and pay some amount of money. Signing the loan papers MIGHT be considered paying for the vehicle, depending on the laws in your state. If you know the lending institution you can decline up to the point when the funds are disbursed.
Wiki User
∙ 18y ago
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Can you stop payment on a check after taking delivery of the vehicle?
Once you drive the vehicle away from the dealership you have taken possession of it and cannot stop payment for any reason without committing fraud.
How can they repo your car if you never received your first payment statement to pay for your car?
You are still obligated to make your first payment even if your payment booklet has not arrived. Your paperwork should have included a form which stated the contact information for your lending institution in the event this scenario presented itself. Buy a car, read the paperwork, understand the paperwork, then sign. Then go home and read/review the paperwork again.
What is the reason for requring a purchase order?
Paying by cash or check and getting a receipt for payment for a product or service does not specify what the purchaser was expecting to receive, only what happened.Companies use purchase orders (PO) to manage money being spend and to define what is being paid for. A purchase order is a document from a purchaser or company representing an offer to purchase items or services from a seller. The purchase order itemizes details of an intended transaction. What is purchased, how much of any items, what will be paid for the item. It can include conditions and times of delivery and payment. When the seller accepts the purchase order, it becomes a binding contract for delivery by the seller and payment by the purchaser.to make sure the purchased shipment has been received
What is cash payment upon delivery?
You pay cash when the unit/s are /is ready for delivery.
What is the name of the form authorizing payment for a purchase?
What is the name of the form authorizing payment for a purchase?
What does COD mean in payment terms?
Cash on Delivery
What does down payment mean?
A down payment is a initial payment made towards the purchase of a big-ticket item, such as a house or a car. It is typically a percentage of the total purchase price and is paid upfront, with the remaining amount financed through a loan or mortgage.
What are the differences between hire purchase and deferred payment?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
Four basic functional components of the U.S. healthcare delivery system?
finance, insurance, delivery, and payment
What is advance payment upon delivery?
You pay in advance then it will be delivered!
What is meant by the payment term cash on delivery?
Cash on Delivery means that when a package arrives to its destination payment in cash currency only. Credit cards and debit machines are not available to use.
What is the difference between contract of sale and contract for sale?
Contract of SaleContract to SellTitle over the property passes to the buyer upon delivery unless there is a contrary agreementOwnership is retained by the seller whether or not there is delivery. Ownership passes to the buyer only upon full payment of the priceNon-payment of the purchase price is a negative resolutory condition, meaning the sale becomes ineffective upon the happening of such conditionThe payment in full is a positive suspensive condition, meaning, if the purchase price is not paid, the obligation to deliver and to transfer ownership on the part of the seller does not become effectiveAfter delivery of the objective, the seller loses ownership over it. Unless, the contract is set aside, he cannot recover the objectWhether there is delivery or not, the seller retains the ownership of the object. If the seller, due to non-payment of the price is ousting the buyer from the property, he (seller) is not rescinding the contract of sale but is precisely enforcing it.
