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In the absence of an agreement to the contrary what type of mortgage will have priority?
Tanyairwin
In the absence of any recorded subordination agreements mortgages take seniority in the order by which they were recorded in the land records.
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∙ 11y ago
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Who is responsible for the debts in a general partnership if the business fails?
This question underlines the requirement to have a partnership agreement - in the absence of any prior agreement to the contrary, the debts are owed jointly and severally by all partners in the business and provided that any one partner has incurred a debt on behalf of the partnership (buying anything which could not possibly be for business use will be excluded) the creditor will be entitled to recover from any one of the partners, including all personal assets where the partnership is not a limited company (or, in US, incorporated). For either jurisdiction, but particularly for the UK, the Partnership Act 1890 is the guiding legislation
Is LLP Agreement would be mandatory for all LLPs?
As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I.
How is a mortgage refinancing rate calculated by financial institutions?
There are many factors that go into calculating the rate offered in a mortgage refinance. One is the risk involved in lending, in other words, the prospective borrower's credit score and employment history, debt to income ratio, and loan to value ratio of the loan as well as the presence or absence of mortgage insurance and its amount are taken into account. Another is the type of program, whether the rate is adjustable or fixed and any other features of the program such as nontraditional payment terms. The rate at which the bank obtains the ,money for the loan is also a factor, in some cases this is based on the US Prime Rate and in others LIBOR. The bank will add a percentage to this amount in order to maintain a profit.
What pay is an absence from duty that has not been approved by an appropriate management official putting the employee in a non-pay status by 15 minute increments?
excused absence
What are the qualifications for the top 100 mortgages for first time buyers?
The best thing a first time buyer can have to qualify for a mortgage is a large down payment. If a 20% down payment can be made then the homeowner is judged to have significant equity and the lender has much less exposure. In the absence of a down payment, then high and reliable income is key as well as your prior credit experience as shown in your credit report.
What happens to your savings account if you divorce your husband and he is not on it?
In part it depends on where you live, but in most locations, in the absence of an explicit agreement to the contrary (such as a prenuptial contract), whether he is "on it" or not does not matter; it's considered a joint asset.
How is income divided under a partnership agreement?
Any income or losses are split half and half in the absence of an agreement that says otherwise.
Can a person make you pay them for remodeling your home that they were renting on option to buy?
Not unless you had a written agreement that they could remodel and you would pay the costs. In the absence of a written agreement the person would need to provide enough evidence to prove there was a verbal contract.It all depends on the terms of your agreement.Not unless you had a written agreement that they could remodel and you would pay the costs. In the absence of a written agreement the person would need to provide enough evidence to prove there was a verbal contract.It all depends on the terms of your agreement.Not unless you had a written agreement that they could remodel and you would pay the costs. In the absence of a written agreement the person would need to provide enough evidence to prove there was a verbal contract.It all depends on the terms of your agreement.Not unless you had a written agreement that they could remodel and you would pay the costs. In the absence of a written agreement the person would need to provide enough evidence to prove there was a verbal contract.It all depends on the terms of your agreement.
Is it illegal to publish in a book or on the internet a letter addressed to you without the sender's permission or knowledge?
Yes, it violates the respective authors' copyrights on their literary works, and is a federal felony if done for financial gain.
When does an agreement become contract?
An agreement becomes a contract when there is an offer, acceptance and consideration. Absence of a written contract does not prevent a contract from being form. A contract can be both expressed or implied. Written or verbal.
Is Possession of personal property is presumptive evidence of ownership?
in the absence of clear and compelling testimony or documentation to the contrary, the person in actual possession of the property is presumed to be the rightful owner. Disputable presumption of ownership.
What is priority sectors?
Priority sector refers to those sectors of the economy which may not get timely and adequate credit in the absence of this special dispensation. Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections.
Who is responsible for the debts in a general partnership if the business fails?
This question underlines the requirement to have a partnership agreement - in the absence of any prior agreement to the contrary, the debts are owed jointly and severally by all partners in the business and provided that any one partner has incurred a debt on behalf of the partnership (buying anything which could not possibly be for business use will be excluded) the creditor will be entitled to recover from any one of the partners, including all personal assets where the partnership is not a limited company (or, in US, incorporated). For either jurisdiction, but particularly for the UK, the Partnership Act 1890 is the guiding legislation
If one of the co-signers dies and they were married and the other one wants out how does can they do this?
You may have had the option for a coverage if one of you dies which you should check into but unfortunately if you both signed you would still be responsible. Not knowing the facility you have your financing through you would have to contact them, read the fine print and find out for sure.AnswerGenerally, in the absence of mortgage insurance, the only way for a co-signer to get out from under the obligation to pay a mortgage is to pay off the mortgage. Co-signers are equally responsible for paying off the mortgage.
What eating disorder does demi lavato have?
She has admitted to suffering with bulima, which, contrary to popular belief, is very similar to the b/p subtype of anorexia and usually a diagnosis is determined by weight/absence of amenorrhea.
Is LLP Agreement would be mandatory for all LLPs?
As per provisions of the LLP Act, in the absence of agreement as to any matter, the mutual rights and liabilities shall be as provided for under Schedule I to the Act. Therefore, in case any LLP proposes to exclude provisions/requirements of Schedule I to the Act, it would have to enter into an LLP Agreement, specifically excluding applicability of any or all paragraphs of Schedule I.
What is death as defined by the American Medical Association?
The absence of brain activity.The absence of brain activity.The absence of brain activity.The absence of brain activity.The absence of brain activity.The absence of brain activity.
