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The terms of a loan (a contract note) is set by the lender or through a process of negotiation between the lender and the borrower. The latter is most common when the seller is providing seller financing to the buyer of the real estate.
What else can I help you with?
If you sign a promisary note with a car dealership And you decide not to pay because they sneaked in gap insurance can they send it to collections?
You are obligated to the terms of the promissory note. You probably signed the contract stating that you had read and agreed to the terms of the contract.
What is the main terms of contract?
contract is contract
Do you agree to the terms of this contract by signing it?
Yes, do you agree to the terms of this contract by signing it?
How old do you have to be to have a car note?
A car note is a contract and you need to be 18 to enter into a contract.
Are terms of service considered a contract?
Yes, terms of service are considered a contract between a user and a company.
How are the terms of the contract established?
How are the terms of the homeownerscontract established
What are the terms of office hiring?
Whatever the terms of the contract are.
What is a cessation clause?
In a contract, it means the terms by which the contract can be broken
When do you get paid after signing a basketball contract?
It depends on the terms of your contract
What happens if you forfeit on your contract for deed?
Depending on the terms of the contract you may forfeit your deposit. You need to review the terms of the contract you signed. If you don't understand it then you should consult with an attorney who can explain its terms after the fact.
What is a incidentalia of a contract?
Incidentalia of a contract are ancillary or secondary terms that are not essential to the main purpose of the contract but are related to it. These terms may include details such as payment terms, delivery schedules, or dispute resolution mechanisms. While not crucial to the existence of the contract itself, incidentalia help to clarify the rights and obligations of the parties involved.
What if the consenting party did not understand the terms used in the contract?
It's the consenting party's duty to know what they are consenting to. Sometimes terms in 'legal speak' have a different, or sometimes a more precise meaning than their common definitions. That's why it's a good idea to have a lawyer read through it first. Note that a contract that is misleading or fraudulent is a defense against being held to the terms of it. But simply not understanding something which is stated in the contract, is no defence. The contract holder believes you understood everything, because you said you did.
