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It depends on where you are. A few states in the U.S. have what is referred to as a "cooling off period" but most states do not. In most U.S. states, as soon as you sign the contract, it is binding.
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∙ 11y ago
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Dealer did not sign contract?
The car dealership did not sign my contract, is it still binding?
Is there a 3 day coolig period for reducing the size of a car loan on a signed contract?
No, the contract you signed is binding.
Can you return a new car the next day?
You may not be able to return a car the next day if it is not in your contract that you can. A contract is a legally binding agreement and the car dealer is not required to allow you to break it.
If you sign a bill on sale but did not pay anything is the contract binding?
If you signed a contract to buy the car, it is legally binding. That fact that you have not parted with any money is a mute point. You signed the contract, and that is all that matters. Ask the seller if they will release you from the contract and be very nice about it.
How long do you have to back out of a deal on buying a car?
The contract is binding on both parties when you sign. There is generally no period during which the contract can be canceled.
Can you edit a signed car contract?
Generally not. A signed contract is generally binding and requires both parties agree to terminate the contract and create a new one.
Can a used-car dealership demand a large downpayment 2 weeks after the contract has been signed and the car has been driven away from the car lot?
If it was written in the contract, yes. If it was not written in the contract then this would be an unfair demand and not binding.
Is there a way to break a new car contract?
No, it is a legal and binding contract although most states have a right of recesion withing 3 days time.
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.
Is an amendment in a car insurance policy legally binding?
Yes, An insurance policy is a legal contract of indemnity. Amendments and endorsements are changes that become a part of that contract.
Can a car dealership refuse to pay off trade when it is in the contract?
A contract is a legally binding agreement between the parties who have signed it, unless written into the contract otherwise, all parties are bound by the terms of the agreement/contract they signed.
If i signed the contract for a used car but have not put a deposit down or had the financing go through Is the contract legally binding?
it depends on what the contract says - did you read it ?? Yes, it states and signed I paid $2000 down.
