I believe it depends on the contract, whether verbally or written, at theyou made the payment. If there was preferrably a signed contract (since some state laws may not include a verbal contract as legit; even if they do, always get it in writing), then if any party breached any part of the agreement/contract, then the breacher is liable. There may also be certain aspects where a contract can be cancelled for good reason(s) within say 24 hrs to 72 hours or so, depending on the contract and your state contract or consumer laws. Some attorneys offer free consults, and you may be entitled to your money back and/or more if you are the victim. State laws may vary!
Money has three functions, being a: 1) store of value; 2) unit of account; 3) medium of exchange. The first, a store of value, implies that money maintains and stores its value over time - unlike many other mediums of exchange, which can depreciate. Money is intended to be storeable, retrievable, and reuseable as a medium of exchange itself. Therefore, being a store of value does not mean that money can be used to measure the value of other commodities - that is its third function, medium of exchange.
Trade in value is normally somewhere around wholesale value. It is the value of what the car would bring at a wholesale auction. Of course this value can be more than wholesale if the car is in excellent condition, or the dealer offers more. You are almost always better off selling the car to a private party, and not trading it in. Dealers almost always put as little money in the car you are trading as possible. They must get the car ready for sale and know up front they will have to spend money on detailing and any repairs that are necessary, especially if they are going to sell the car with a warranty. You can sell the car to a private party "As Is" with no warranty. Just make sure to get it in writing.
With money as medium of exchange is easier than barter system. There are many reasons like barter system does not give the true value of a product and sometimes one party needs the other product but the other party does not require the other product. It creates misunderstanding and also a problem that how to evaluate the true value of the commodity. And also, money can be broken down into smaller parts like we purchase candies for like cents or pennies etc. Moreover, how can we barter for big things like house. It would be almost impossible to barter for the house with pair of glasses or pair of shoes or for a mobile phone. Barter system does not give the original value of the product or a commodity.
Fiat money differs from commodity money because it is a more convenient form of money. It is easier to carry around paper money that it is to carry around gold or silver or other commodities. Fiat money is a promise to pay in the future while commodity money derives its value from the commodity of which it is made. Fiat money has value because the government declares that it has value. Fiat money only has value as a medium of exchange.
There are distinct uses for the terms in various contexts.SpecieIn fiscal terms, hard money is money with intrinsic value, such as gold and silver coins, or alternatively a currency that has backing, as on the "gold standard." Other forms of money are "soft money" or more specifically "fiat money" which has a declared value based on the credit of the issuer.LoansA "hard money loan" is one that is secured by the value of real estate.Political Contributions"Hard Money" consists of political donations that are contributed to support a specific candidate or issue, whereas "soft money" is given to a party or political organization for their unregulated use.(see related link below)
value received - phrase traditionally used in bills of exchange to indicate that a transaction exists and that the drawer of the bill has received good or money from its drawee. it is not legal requirement however, because every party considered prima facie a party thereto for value.hope you got what you've been searching for so long. :)
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