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It is referred to as ESTOPPEL.
AnswerEstoppel is a bar to proceeding or an action. One is estopped from doing something, generally enforcing a contract or promise, etc. No immediate answer comes to mind for "a pause or hold of contract". It may be referring to something being held in abeyance for a period of time pending some other action.
What else can I help you with?
What is the legal term for a condition in a contract that must be fulfilled in order for the contract to be binding?
The legal term for a condition in a contract that must be fulfilled for the contract to be binding is called a "condition precedent."
What does the word indentify mean?
legal term-protects you in a contract.
Define the term capacity to contract?
the legal power to give consent
The term 'capacity' in a contract is used to?
indicate the legal power to give consent
What are some synonyms for the term pause?
Synonyms for the word pause include the following: rest, break, stop, hold, respite, and time out. More synonyms can be found in a thesaurus or thesaurus website.
What is the term for a pause in music called?
A pause in music is called a "rest."
What are relations in doctrine of privity of contract?
Privity refers to the legal term for a close, mutual, or successive relationship.
What does the term legal malpractice mean?
The term legal malpractice means negligence and breach of contract by a lawyer towards their client. One must prove that errors made were ones that no competent lawyer could make to have a case of legal malpractice.
What is the term contract?
contract is contract
What is the term of contract?
contract is contract
Does the word transversal term contract binds two parties?
Yes, a transversal term contract can bind two parties if it includes clear and mutually agreed-upon terms. Such contracts typically outline the obligations and rights of each party, creating a legal framework for their relationship. However, for the contract to be enforceable, it must meet certain legal requirements, such as capacity, consideration, and lawful purpose.
If you volunteered a repo with a Credit Union then tried to close out your savings and they refused because of a deficiency is this legal?
READ your contract. look for the term "CROSS-COLLATERALIZATION". Its more common with CU than regular lenders. IF it has that term, YES, its legal.
