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Yes they can report the vehicle stolen, but as long as you have a copy of the contract that is signed by both parties and a receipt of the purchase and/or money order receipt, there is nothing that they can do about it. It would just be a waste of time for them to try. Hope this helps.
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What happens when financing for an auotmobile falls through and you have already driven the vehicle for a week?
In most states, when you sign an automobile purchase contract there is a line on the contract that requires signing that is usually titled "Notice of Rescission Rights" that basically gives the seller the right to rescind the the contract if the seller is unable to assign the contract to a financial institution. However, the seller must give you notice of there intent to rescind within 10 days or the seller may forfeit their rescission rights.
How do you break a new car contract?
You can't. If you signed then you have agreed to purchase the vehicle. Your only recourse is to talk to the seller and see if they will let you out of the deal. Offer to pay them to tear up the agreement.
What is the contract to purchase bonds called?
The contract for a purchase of bonds is called a bond indenture, which provides a description of the bond issue as well as the rights of both the buyer and seller.
Is it illegal selling a car to a minor?
It depends on your State laws,In all 50 states minors can not enter into any legally binding contract,So a minor can not purchase a vehicle from a new/used car dealership since purchasing said vehicle requires a signed contract between the dealership and the buyer.However Laws concerning the private sale/purchase of vehicles are not the same unless there is an expressed warranty or other legal contract that the minor must enter into with the seller.... In most states any minor who does not possess a valid driver's license cannot order, purchase, lease, accept, or otherwise obtain any vehicle that is subject to registration. In many states if a minor has a valid drivers license they can legally purchase a vehicle from a private owner,since the sale of "AS IS " private vehicles do not require the minor to enter into any kind of legal contract with the seller.
Can a seller back out of a sale of a home and sell it to someone else if a binder has already been signed?
Define a "binder." If the 'binder' is a contract to purchase, then the seller has breached the contract, and can be sued for damages for non-performance.
What is the seller's compensations if buyer does not keep his agreement to purchase real estate?
There are remedies available to the Seller if a buyer does not purchase the real estate as agreed in a written, fully executed contract. These are only available to the seller if the buyer has signed the contract and there are no limiting conditions such as a financial clause, inspection clause, due diligence period, etc. If the buyer breaches the contract the seller may sue to keep the buyer's deposit, sue for damages caused by the buyer breaching the contract, and may also sue for "specific performance" which would force the buyer to purchase and close on the real estate.
Can you get your deposit back if the seller and her broker did not sign the purchase and sale agreement and made changes on the contract the buyer did not agree with nor initial for the changes on the?
Yes. You should also report the broker to the local board of realtors.
Why is owner of record listed as the seller on a contract for sale and purchase of a house and not the buyers name?
Until the sale is closed and funded the seller is still the owner.
What if someone stops paying in a contract to purchase a mobile home from a private seller?
If a contract was signed, then they need to be taken to court for the amount owed.
How can a seller cancel a real estate purchase contract?
You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.
If buyer changes mind on home purchase which does not fall within the contract what remedies does the seller have regarding the signed contract?
The seller is interested in selling the property and not getting into a legal battle over breach of contract. Keep the deposit and move on to the next buyer.
What is the Contract called which lets one party deny other party rights to do business transaction with anyone else?
Here are two types of contracts that may answer your question: Requirements contract - A Buyer agrees to purchase all of their needed from a certain seller Output contract - Buyer agrees to purchase all that is produced by seller
