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No. You can enter into any agreement whether you understand it or not. No law protects the stupid from a bad contract. It is up to the buyer to have their own legal representation when purchasing real property. The buyer's attorney should be on hand to review any P&S Agreement before it's signed binding the buyer to the terms of the contract.
What else can I help you with?
Which statement about contracts is correct?
The correct statement about contract is that a contract is an agreement between a buyer and a seller. A contract can be a written or oral agreement.
Does a property deed have to be signed by both seller and buyer?
Generally no, only the seller must sign unless there is some sort of agreement set forth in the deed. In that case the buyer must sign in order for the agreement to be enforceable.Generally no, only the seller must sign unless there is some sort of agreement set forth in the deed. In that case the buyer must sign in order for the agreement to be enforceable.Generally no, only the seller must sign unless there is some sort of agreement set forth in the deed. In that case the buyer must sign in order for the agreement to be enforceable.Generally no, only the seller must sign unless there is some sort of agreement set forth in the deed. In that case the buyer must sign in order for the agreement to be enforceable.
Performance of a sales contract is controlled by the agreement between buyer and seller?
true
Does the seller receive the down payment?
Yes, the seller typically receives the down payment from the buyer as part of the purchase agreement.
Which of the following is the most complete description of the concept of market?
an agreement between a buyer and a seller
Can be high sea sales agreement done in Indian rupees?
Type your answer here... It depends on the agreement done by the buyer and the seller.
What are the features of a hire purchase system?
buyer and seller make written and legal agreement between them
Is the 1031 exchange agreement signed by the buyer the seller and the safe harbor?
In a 1031 exchange, the agreement is typically signed by the seller and the buyer, but the "safe harbor" refers to the qualified intermediary (QI) rather than being a party to the exchange agreement itself. The QI facilitates the exchange by holding the proceeds from the sale and ensuring compliance with IRS regulations. While the buyer and seller are directly involved in the transaction, the QI plays a crucial role in managing the exchange process without being a signatory to the agreement.
Can a seller back out of a signed agreement to sell a car if they refund your deposit?
Not legally unless the buyer agrees to it.
Can you explain how chargebacks work on PayPal?
A chargeback on PayPal occurs when a buyer disputes a transaction with their credit card company. PayPal will investigate the dispute and may refund the buyer if the claim is valid. The seller may be required to provide evidence to support their case. If the chargeback is successful, the seller will lose the funds from the transaction.
When agreed upon in advance what is the seller's compensation if the buyer does not keep his agreement to purchase?
If the buyer does not fulfill their agreement to purchase, the seller's compensation, as agreed upon in advance, typically comes in the form of a forfeited deposit or earnest money. This amount is usually specified in the purchase contract and serves as compensation for the seller's time and opportunity cost. Additionally, the seller may also seek damages for any losses incurred due to the breach, depending on the terms outlined in the agreement.
How would one describe a land contract?
A land contract is a contract between seller and buyer of property. A contract is only made when an agreement between seller and buyer has been reached. The seller becomes the land owner only when the full payment has been made.
