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If seller accepts check and cashes check for purchase of a house is this binding?
Wiki User
∙ 14y ago
In the United States, all contracts for real property must be in writing to be legal. Different states have other provisions. If the seller cashed a check without any signed paperwork attached, it may not be binding. If the seller cashed the check and there was signed paperwork, and it was legal under the laws of that area, it probably was binding.
Wiki User
∙ 14y ago
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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.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
Why would a mortgage investor pick somebody with a worse offer who was first over an offer that is better but was submitted only two days later?
Once the seller accepts an offer and signs the form it is usually leagally binding, unless there was a written clause in the contract that states the seller can take better offers at a later date. As a buyer, I wouldn't allow that kind of a clause or stipulation in any contract that I sign.
What is purchase money financing?
Purchase money financing is when the seller agrees to take back a mortgage for the new buyer. It is owner financing in whole or in part.
What is best to receive before paying an invoice?
Purchase Order.When the invoice is received by the purchaser it is matched to the packing slip and purchase order, and if all is in order, the invoice is paid. This is referred to as the three-way match.A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a contract between the buyer and seller, so no contract exists until the purchase order is accepted. It is used to control the purchasing of products and services from external suppliers.** A credit note or credit memorandum (memo) is a commercial document issued by a seller to a buyer. The seller usually issues a credit memo for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions.
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 is considered a purchase when buying a used car?
When you hand over the money and the seller accepts it. The deal is then done.
Is a good faith deposit on a house binding to the seller if the party wants to purchase?
No. A "deposit" is not a payment, but rather part of the offer to purchase. An offer is not "binding" on anyone until it is accepted. Many sellers would make a counter-offer, which is not binding until accepted by the buyer...
What is purchase orders?
A purchase order is an official offer for services or products and the prices as agreed upon. The acceptance of a purchase order by a seller becomes a binding contract between the parties.
What is a purchase order?
A purchase order is an official offer for services or products and the prices as agreed upon. The acceptance of a purchase order by a seller becomes a binding contract between the parties.
What is the reason for requring a purchase order?
Paying by cash or check and getting a receipt for payment for a product or service does not specify what the purchaser was expecting to receive, only what happened.Companies use purchase orders (PO) to manage money being spend and to define what is being paid for. A purchase order is a document from a purchaser or company representing an offer to purchase items or services from a seller. The purchase order itemizes details of an intended transaction. What is purchased, how much of any items, what will be paid for the item. It can include conditions and times of delivery and payment. When the seller accepts the purchase order, it becomes a binding contract for delivery by the seller and payment by the purchaser.to make sure the purchased shipment has been received
Does eBay accept paysafe?
Only if the individual seller accepts it.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
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.
Why would a mortgage investor pick somebody with a worse offer who was first over an offer that is better but was submitted only two days later?
Once the seller accepts an offer and signs the form it is usually leagally binding, unless there was a written clause in the contract that states the seller can take better offers at a later date. As a buyer, I wouldn't allow that kind of a clause or stipulation in any contract that I sign.
