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Is a changed contract a new contract?
No, a changed contract is not considered a new contract as it is an amendment or modification of the original agreement. The changes made are typically done to update or adjust certain terms or conditions of the existing contract without creating an entirely new agreement.
What is the legal term for a condition in a contract that must be fulfilled in order for the contract to be binding?
The legal term for a condition in a contract that must be fulfilled for the contract to be binding is called a "condition precedent."
Can a used car contract be changed if the dealer messed up the paperwork?
A used car contract can be changed if the dealer messed up the paperwork depending on the type of mistake made on the sale. In some cases you will need to provide proof that a mistake was made and take this to court.
What if a contract condition is not met?
lawsuit for breach of contract
What is Breach of condition?
A contract between two or more parties might contain conditions. If a condition of a contract is broken, it is a breach of condition.
When is a contract breeched?
when the condition specified in the contract are not followed then the contract is said to be breached.
Can failing to fulfill a verbal condition to a written contract render it null and void?
You cannot verbally modify a written contract. Lawfully a binding legal contract can only be changed using the same medium as the original agreement. (i.e. Verbal contracts can be changed by other verbal agreements). It's not a legally enforceable and binding contractual term if it's not in writing.
What is a suspensive condition and give example?
A suspensive condition is a legal concept in contract law that refers to a condition that must be fulfilled before a contract becomes effective or enforceable. For example, if a person agrees to buy a house contingent upon receiving a mortgage approval, the contract is subject to the suspensive condition of securing financing. Until the condition is met, the obligations under the contract are suspended. If the condition is not satisfied, the contract may be rendered void.
Can a contract be unilaterally changed by one party?
No, a contract cannot be unilaterally changed by one party without the agreement of the other party.
How much is a .45 cal model 1937 Revolver made by Smith and Wesson for the Brazilian Contract?
$500. to $1200. Depending on condition.
Condition precedent and subsequent?
Condition precedent is a term in a contract that means the parties do not have to perform under the contract until a certain event takes place. Condition subsequent means that a contract is in effect until a particular event takes place.
An ultra vires contract is a contract that?
A contract that is made outside of the jurisdiction of the parties that made it. This is not a viable contract.
