By taking delivery of this vehicle you are agreeing to the terms of the contract. If you could not meet the down payment requirement then you should have never taken delivery. You can try talking to them to work out a payment plan of some sort.
Whenever terms on a contract are changed, a new contract should be signed.
A land contract should outline when payment is due, what the terms are, and who takes care of maintenance. It should also outline who pays for utilities and taxes.
There is no need to write a contract, you only need to write a receipt. You should include the date, the amount you received, (his or her name), (your name). Your signature. His or her signature
The answer to this question depends on your contract terms. Usually, a contract will spell out what constitutes a default. The contract should also say that if you default, they can repossess the collateral.
Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.
Should know how to analyze the transactions before giving payouts to the vendors. Reviewing if its valid for payment or not and ensuring the service is done by the vendor itself through coordination with other departments. Lastly, ensuring that all documents are in accordance with their contract.
In dealings such as these, consult an attorney in your local area. A contract, even one with errors, is legally binding upon the signing parties. Hopefully the error is in your favour. Note that if you didn't have an attorney look over the contract, it could be completely different from what the dealership said. (A verbal contract is generally only worth the paper it's printed on.) I am not a lawyer. You should consult a local lawyer. It's always a good idea to have your own attorney look over any contract before you sign it.
This should be outlined in your contract - the chances are that you do as generally the downpayments is non-refundable anyway, unless you're within a 'cooling off' period (7-14 days in the UK usually).
A lawsuit depends upon the agreement, contract terms . When a legal infringement happens or a breach of contract occurs, the payment is subjected to value or loss incurred that led to the lawsuit. The tenure depends upon payment decided or clause of losses agreed in the contract.Added: In plain English: That matter should have been addressed in the settlement, a copy of which you, or your attorney, should have. If it was a date certain set by the court, and the payment is not forthcoming, the other party will be in contempt of court.
Normally if there has been an overpayment relating to a loan or contract, the entire amount overpaid should be returned to the person. The lender has no rite to any money above that contracted.
If an owner dies after signing the contract of sale, you should be able to produce a receipt where you fulfilled your obligation of payment. Once this occurs the estate must turn over the item to you.
In the business world almost all agreements need to be formalized through some form of legal document. For services to be rendered or products to be sold, this legal document is typically a business contract between the recipient of the product or service and the provider. To ensure that the contract is valid, and that your rights are properly protected, there are several aspects of a business contract which need to be analyzed and included in each contract. The first important aspect of a business contract is to clearly identify the product or service which is being provided. The contract should spell out not only what is being provided, but when as well. Adding as much detail as possible to the contract is important because any detailed which is not met could be considered an event of default. The contract should also spell out how much money will be charged for the service and any additional services which could be purchased at a later date. The contract should also specify when the payment should be made. Another important aspect of a business contract is to clearly stipulate when the contract will end. All contracts should have a termination date, which is stated as either an exact date or an anniversary of the commencement. The contract should also state whether the contract can be terminated by either party during the term of the contract. If necessary, the contract should also state any remedies that will need to be paid in case the contract is terminated early. The third important aspect of a business contract is to identify remedies which could occur if the obligations of the contract are not met. For example, if the contract is to have a service completed, the remedy section should address what will occur if the service is not completed on time or completed well enough. The contract should also address what will occur if payment is not received on time. This could include late fees or interest on the payment. It is important that the contract contain remedies of default for each party. Otherwise, the parties would not have any legal motivation to complete their end of the agreement.