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What else can I help you with?
Is it true that unless stated in the contract the breaching party in the contract cannot be charged with legal fees?
No.
Who determines the rate of interest paid on a bond?
Bonds have a predetermined rate of interest called the stated or contract rate, which is established by the board of directors.
Is it illegal to charge more than eighteen percent interest to military personnel?
No. Once the interest rate has been stated clearly, the borrower has the choice of borrowing or not borrowing at that rate. If he chooses to borrow at the stated rate, then he implicitly agrees to it. It's always the borrower's choice to enter into the contract or to walk away.
What is the contract that is stated in written or spoken words considered to be?
It is considered to be an express contract, where the terms and conditions of the agreement are explicitly stated either verbally or in writing.
Which type of contract is specifically and clearly stated?
A specific and clearly stated contract is known as an "express contract." This type of contract explicitly outlines the terms, conditions, and obligations of the parties involved, either verbally or in writing. The clarity in the terms helps to avoid misunderstandings and provides a clear framework for enforcement. In contrast, an "implied contract" is not explicitly stated but is inferred from actions or circumstances.
How can a contract be discharged by performance?
When the parties bound by the contract perform exactly as the contract stated they should, so there is nothing more to do under the contract
Is the price at which bonds sell determined by the interaction of stated rates of interest and market rates of interest?
Yes, the price at which bonds sell are determined by the interaction of stated rates of interest and market rates of interest.
In the state of Pennsylvania is a prepayment penalty legal?
The state of Pennsylvania requires that any prepayment penalty be stated in the contract. When the prepayment penalty is stated in the contract it becomes legal.
If the terms of a no-compete contract are changed and a new contract is presented does the previous contract become void?
Yes, unless otherwise stated in the new contract
What is the deadline for completing the project, as per contract?
The deadline for completing the project, as stated in the contract, is December 15th.
Can interest be added to late rent if not stated in lease?
No interest should only be charged if you are in a mortgage.
Explanation of No law impairing the obligation of contracts shall be passed?
It means that a contract (which a right is established and an obligation is extinguished) executed by both parties, they are bound by it. If a new law was established that contradicts the contracts, they still have (parties) to performed what was stipulated in the contract.
