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Is a business liable to honor a contract if it is no longer in business?
Wiki User
∙ 13y ago
yea
Wiki User
∙ 13y ago
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How can you cash in a savings certificate issued from a bank that is no longer in business?
If the bank is no longer in business because it was bought out/merged with another bank, then go to that other bank and see if they'll honor it (they should). If the bank is no longer in business because the bank is just no longer in business or you don't know what happened to it, then it's going to be trickier. I'd try contacting the FDIC to see if they can help.
Can a realtor honor a second contract over the first if the first already signed the contract with realtor to purchase?
Generally, no. The realtor must honor the terms of the first contract. A legally binding contract is enforceable in court.
Do you have to honor a contract that a company you bought has?
The law forbids any business from ignoring signed contracts without a proper legal reason or dissolving the document. Your companies can face a poor reputation in the industry and lawsuits when a contract is not honored.ÊÊ
You have been asked to co-sign an apartment rental for a friend The apartment is rented on a monthly basis with no lease Only requirement is a 30 day notice If your friend defaults would you be respon?
yes, by signing a contract as co-signer, you are agreeing to act in their place if they do not honor the contract. So, if your friend doesn't pay the rent, you can be held liable for it.
Is forcing a contracted supplier to offer additional free services to keep your contract considered extortion?
If a customer refuses to honor an existing contract unless further conditions are met, that would be considered breach of contract rather than extortion, although it is still illegal. If the customer is merely imposing new conditions for the renewal of the contract, that is considered business negotiation, not extortion.
What type of business is Auto Barn?
Auto Barn seems to be a used car dealership. Located in Evanston, IL. It has numerous negative reviews with the Better Business Bureau. Apparently the people working there refuse to honor the terms of negotiations as agreed to prior to concluding the contract.
What specifically would convince you that an organization would be likely to honor its psychological contract with you?
I would be convinced that an organization is likely to honor its psychological contract with me if they consistently provide opportunities for growth and development, demonstrate transparency and open communication, and show a commitment to supporting work-life balance. Additionally, if the organization values diversity and inclusion and demonstrates a culture of trust and fairness, I would feel more confident in their ability to honor the psychological contract.
If a seller in contract agrees to pay all taxes until sale can they make buyer pay taxes instead?
No. The seller must honor the contract.
What states are no longer going to honor the time change?
Indiana
Did shelton Benjamin retire?
No,Benjamin is currently under contract for Ring of Honor (ROH) wrestling
When a business incorporates is the company legally bound to honor previous contracts it made when it wasnt a corporation?
If the company was not incorporated when the document was created, the company must have been a partnership or a sole-proprietorship. Whoever signed the contract is legally bound by the contract. If a partner signed, the partnership is legally bound. If a person signed, that person is legally bound.
When one person does not honor a binding agreement the other person has the right to sue under?
When one person does not honor a binding agreement, the other person has the right to sue under contract law. The party that breached the agreement may be held liable for damages if the court finds that they failed to fulfill their contractual obligations.
