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Can a sixteen year old be held to a legally binding sales contract?
Wiki User
∙ 14y ago
No, they are a minor and the contract cannot be enforced.
Wiki User
∙ 14y ago
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Is a sales agreement binding if your wife puts your name on the credit application but you never signed it?
Absolutely, positively, not. Find out what car dealers don't want you to know at www.dealertricks.com Sales agreements are not binding to any party however sales contracts are. You are not legally bound if you did not sign the sales contract. Consequently you may have a credit inquiry on your record that you did not request.
Distinguish between domestic sales contract and export sales contract?
Domestic agreements are not intended to be legal binding Commercial contracts are intended to be legal binding
Who are prohibited to give a consent in a contract of sales?
The question is not worded too clearly - but - minors are legally incapable of givng consent to any sales or contract of obligation.
What is an agreement between two parties?
A contract is a legally binding agreement between two or more parties.
What is a bond for title?
Property sales contract which is mutually binding on both parties, where the title remains with the seller until the purchase price is paid by the buyer. Contract to convey title once certain contract terms are satisfied.
In the state of Arizona how many days does a person have to legally cancel a written and signed contract?
You have three business days to cancel a contract if: The sale was solicited in the consumer's home; or A gift was offered for attending a sales presentation that led to the contract; or A consumer's primary home is used as security and the loan is not used to purchase or construct the home. Otherwise, a signed contract - for a car, an item or a service - is legal and binding in all 50 states in the U.S.
What is the translation of Conditional Sales Contract in french?
sales contract conditional. contrat de ventes sous conditions
Is a deal made over the phone with a used car dealer a binding contract in the state of Missouri?
NO. The state of Missouri requires a formal contract in writing with authorized signatures, a verbal agreement or contract regarding car sales in normally not accepted. This also applies towards repairs warranted by car dealerships and repair shops.
What does capacity mean after a signature line in a contract?
In law, capacity refers to a party's ability to enter into a legally binding relationship with another party. For example, a minor lacks capacity to enter most contracts that are legally binding such as a promissory note, lease or sales agreement. A person under a legal guardianship lacks the capacity to sign a contract. After a signature line, the word capacity is asking for the actual qualification of the person signing such as president, owner, lessee, guardian, attorney in fact, etc. That feature is more commonly used in business contracts where the authority of the person signing must be confirmed.
Is barter a sales contract?
A barter agreement can be an oral contract (subject to the statute of frauds) or a written contract.
Is forging a sales contract a felony?
Yes
Distinguish export sales contract and domestic sales contract?
The main difference between export sales contract and domestic sales contract is: 1. Relating to currency issues (both the country have different currency) 2. The second one is law related to export and import dispute (if any dipute arises between two country whose coutry law should be applicable to solve the dispute).
