ANYONE who's name is on the loan contract is responsible for the debt. Who will sell someone a car and that someone NOT be responsible for paying?? NOT ME LOL
A "Cosigner" is a "Co-owner." Cobuyers and buyers are equally responsible for the note they signed.
No, the buyers remorse law does not apply to the purchase of a new or used vehicle.
Yes, a co-borrower is as responsible for a debt as is the primary borrower. The main difference between co-buyers and cosigners is that a cosigner generally does not have any claims to the property in question but bears the responsibility of repaying the debt should the primary borrowers default on the agreement.
House buyers need to read the contract, and know everything the contract ties them in to. And what the contract entitles them to. Also house buyers need to know the penalty for ending the contract early.
A buyer can do a voluntary possession without the permission of the co-buyers if that buyer is the sole owner of the vehicle. If the co-buyers are also co-owners, they would have to give consent first.
This question is specific to the buyers contract, you should reference that document to answer this question.
Yes, it is a contract. You agree to pay the price, plus the additional buyers fee when you bid.
Buyers agents represent the buyers in real estate transactions. They work for the buyer in locating desirable properties, negotiating the best possible sales contract and looking after the buyers interests throughout the buying process.
A transversal term contract is a contract that allows multiple sellers to provide goods at fixed prices. The contract allows buyers to purchase goods from sellers for a certain amount of time at the prices set forth in the contract.
Plain and simple; NO.............. You are considered an adult, so you can not void the contract.
A "mortgage buyer" when referring to a private real estate note, would be a real estate investor who will purchase private mortgage notes for cash. These investors are also sometimes referred to as note buyers, promissory note buyers, land contract buyers and deed of trust buyers.
Yes, the dealer can cancel the contract but it is within 10 days of the date on the purchase contract.