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Is an oral contract to sell a house binding if the buyer paid the price and received the deed of conveyance?
Wiki User
∙ 12y ago
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYou have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.
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When did the first time home buyer credit expire?
You must have bought - or entered into a binding contract to buy - a principal residence on or before April 30, 2010.If you entered into a binding contract by April 30, 2010, you must close (go to settlement) on the home on or before June 30, 2010.
What are forward contracts in shares?
A forward contract is the simplest of the Derivative products. It is a mutual agreement between two parties, in which the buyer agrees to buy a quantity of an asset at a specific price from the seller at a future date. The Price of the contract does not change before delivery. These type of contracts are binding, which means both the buyer and seller must stay committed to the contract. This means they are bound to deliver or take delivery of the product on which the forward contract was agreed upon. Forwards contracts are very useful in hedging
Futures and options?
Futures are contracts that allows you to buy certain commodities at a certain price by a certain date. Unless closed out, futures contracts are binding and the buyer of the contract must be able to buy the commodities binded by the contract.Options are contracts that gives you the RIGHTS but not the OBLIGATION to buy certain stocks or commodoties at a certain price by a certain date. The main difference is, you can choose to ultimately buy the underlying asset or not, its not binding on the buyer.
Does a land contract qualify a first time home buyer for the new tax credit?
Does a land contract qualify a first time home buyer for the new tax credit?
What are the dangers of selling house on contract?
If a seller and a buyer have already signed a contract, then you have to sell according to the contract. If you want to sell to someone else not on the contract, then you have to get out of the first contract.
What is conveyance deed?
A legal contract between a buyer and a seller which transfers ownership of land or property from the one to the other.
Binding contract buyer sign and co-buyer don't sign is the contract void?
If the contract was supposedly made for a co-signer and lead signer then no, it would be non-valid if not signed by both parties.
What is a nonbinding contract?
A non-binding contract is considered to be an informal contract. It means both the buyer and the seller are not legally obligated to go through with the bid.
What do you mean by contract to sell?
The contract to sell refers a binding legal agreement between the buyer and sell about the sale of something. The contract to sell is usually enforceable by law.
Is an Automobile Buyer's Order a legally binding contract in PA if both the dealer and buyer have signed it?
In Pennsylvania, a buyer's order only becomes consummated once the buyer has taken delivery of the vehicle. Not at the signing, but once the vehicle leaves the sellers property.
What is a bond for title?
Property sales contract which is mutually binding on both parties, where the title remains with the seller until the purchase price is paid by the buyer. Contract to convey title once certain contract terms are satisfied.
Is a seller required to explain the sales agreement to the buyer?
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.
Can a buyer cancel a real estate contract?
The purpose of a contract is to make the agreement binding on the parties. There are generally provisions in a contract that allow cancellation under specific conditions. They revolve around contingencies, most commonly an inspection and financing. Beyond that a buyer can cancel a contract but will likely lose any deposit. Even then it is possible for the seller to sue for nonperformance.
My husband agreed to sell his car and then changed his mind. There was no written contract and no deposit. Can the other party place a lien on the car?
Generally: If there was no contract or written agreement and no deposit then there was no binding agreement between the parties unless the buyer sues in court and can prove (through witnesses and testimony) there was a oral contract. If the court renders a decision that there was a agreement it could issue a judgment lien.Generally: If there was no contract or written agreement and no deposit then there was no binding agreement between the parties unless the buyer sues in court and can prove (through witnesses and testimony) there was a oral contract. If the court renders a decision that there was a agreement it could issue a judgment lien.Generally: If there was no contract or written agreement and no deposit then there was no binding agreement between the parties unless the buyer sues in court and can prove (through witnesses and testimony) there was a oral contract. If the court renders a decision that there was a agreement it could issue a judgment lien.Generally: If there was no contract or written agreement and no deposit then there was no binding agreement between the parties unless the buyer sues in court and can prove (through witnesses and testimony) there was a oral contract. If the court renders a decision that there was a agreement it could issue a judgment lien.
Who holds the tax benefits legal title or equitable title on a real estate contract?
A contract to purchase real estate gives the buyer no rights in the property except the right to purchase it. Title remains in the property owner until transferred by a deed of conveyance.
You signed a contract for a car but have not left the lot with it Is this contract binding?
Not in California. * In most instances the contract is binding when money has "changed hands". If this were not so, car dealers would have serious financial and inventory problems, as most vehicles that are bought have a waiting period for delivery. Therefore, a lawsuit will likely stand up in court if the dealer chooses to pursue damages for breach of contract on the part of the buyer.
When did the first time home buyer credit expire?
You must have bought - or entered into a binding contract to buy - a principal residence on or before April 30, 2010.If you entered into a binding contract by April 30, 2010, you must close (go to settlement) on the home on or before June 30, 2010.
