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Can a purchase and sale agreement be enforced against the seller?
Wiki User
∙ 13y ago
All legal contracts are written with the purpose of binding each of the parties. The contract is enforceable against each of the parties. Contracts voided within the terms of the agreement are legally ended, while contracts ended in violation of these terms are breaches often become the subject of further legal action.
Wiki User
∙ 13y ago
Yes, a purchase and sale agreement can be enforced against the seller through legal means. If the seller fails to fulfill their obligations under the agreement, the buyer can seek remedies such as specific performance (forcing the seller to complete the sale) or monetary damages. It is important to review the terms of the agreement and consult with a legal professional if issues arise.
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What is a land contract?
A land contract is a real estate agreement where the buyer makes payments directly to the seller instead of getting a mortgage from a lender. The buyer takes possession of the property but the seller retains legal title until the full purchase price is paid. It's a way for buyers who may not qualify for traditional financing to purchase property.
Is personnal property left in a house I bought mine?
It is important to thoroughly inspect the property before purchase to ensure it is delivered vacant of personal property unless specified in the contract. If personal property was left behind, you may need to negotiate with the seller or seek legal advice to determine ownership rights. It is recommended to have a clear agreement in the purchase contract regarding the condition of personal property.
What is pending sale?
A pending sale refers to a transaction where a buyer and seller have reached an agreement on a purchase, but the sale has not yet been completed. The finalization of the sale is typically subject to certain conditions being met, such as inspections, financing approval, or other contingencies. It is in this transitional state between offer acceptance and final closing.
What does satisfaction guaranteed mean?
"Satisfaction guaranteed" typically means that if a customer is not happy with a product or service, they can receive a refund or replacement. This phrase is often used to assure customers of quality and encourage them to make a purchase with confidence.
What are two sentence for bargain?
A bargain is a deal or transaction where goods or services are exchanged for a lower price than usual. It often involves negotiation to reach a mutually beneficial agreement between the buyer and seller.
Can a purchase agreement be signed first by the seller ....Is this binding?
Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.
What are the features of a hire purchase system?
buyer and seller make written and legal agreement between them
Who can tell me how to make purchase agreement template?
This website, Law Depot, makes it very easy to create legal documents like purchase agreements: http://www.lawdepot.com/contracts/purchase-agreement-form/?a=t&ldcn=purchase They ask you to enter the details of your purchase agreement (like the seller's details, buyer's details, etc.) and when you submit the form, they give you a purchase agreement that you can copy and use for your business needs.
How an escrow clause can be drafted?
First, determine what conditions would cause you to back out of your agreement with the seller after signing the purchase agreement. Write these into an escrow clause, then have an attorney look it over to ensure its legality. Then, both you and the seller must sign the clause.
Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
What is a seller pursuant?
Those words have been taken from a contract or agreement out of context. Examples of their use in contract language are as follows: The Buyer will pay one-half of the closing costs of the Seller pursuant to the agreement signed by the parties on 9/01/2008. The bank has no claims against Seller pursuant to the Note or otherwise.
What are tying or bundling agreement?
The condition imposed by a seller which obliges a buyer to agree to purchase an additional product (tied product) if they wish to purchase their desired product (tying product).
What can you do if the seller of real estate does not close on the closing date?
You need to review your Purchase and Sale Agreement to see how and if that issue is addressed. You should ask the attorney who is representing you in your purchase what your options are.
What is the definition of an as is residential real estate purchase in North Carolina?
You accept the property in the condition it is in at the time of the purchase. The seller makes no warranties and you can't make any claims against the seller to make repairs.
What action can you take against a seller on eBay when you have been ripped off?
It depends what the problem is. In the first instance you should contact the seller and try to resolve things with them. If you are not able to come to an agreement with them you can ask eBay to look at the issue for them b going to the Resolution Centre and raising a case against the seller.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
