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What is a buyer and seller of goods called?
Buyer is a consumer Seller is a Distributor
What is the difference between CPT and CFR incoterms?
As per CPT incoterm, the destination terminal charges will be paid by the seller. In CFR, seller will be responsible for till payment of carriage charges, the rest buyer is responsible
What is that market where you have one buyer and one seller?
a market with one buyer and one seller is called bilateral monopoly.
What is IMFPA?
Irrevocable Master Fee Protection Agreementwhere you as buyer's or seller's mandatatry, who signs this IMFPA with either the seller or the buyer for claiming your commission.
In economic terms what does market mean?
the coming together of a buyer and seller
Does the buyer or seller responsible for a smog test?
the seller is responsible to present the smog test paper while selling the car, the smog test paper is acceptable within the last 90 days.
Is the buyer or seller responsible to smog a car if the car is sold from California but buyer is from Iowa and will be registering it in Iowa?
What do you mean smog a car? If car is sold "as is", buyer is responsible for all mandatory smog control equipment. If you mean pass a smog inspection, there are none in Iowa.
What is the difference between ex-works and FOB?
Exworks: The seller is responsible for the goods till the factory outlet and after outlet, the buyer is responsible for goods, customs till the buyer's door. FOB(Free on Board): The seller is responsible for the goods till the port of departure where customs will be be looked after by seller and after departure from the seller's port, the buyer is responsible for the goods till the buyer's door.
Do you have obligation if the car does not pass smog check after you sell it?
== == According to California state law at least, the seller is responsible for making sure the vehicle he/she is selling has/can pass a smog check. The seller is supposed to provide a certificate proving that the car passed a smog check within the past 90 days. A smog check "pass" is only valid for 90 days. If the seller does not provide the buyer with a valid smog check "pass" certificate and the car fails a smog check, the seller is responsible for the cost of all repairs to get the car to a "pass" state. There is no provision in CA state law for vehicles sold in an "as-is condition. " In fact, if a seller refuses to cooperate with a buyer, the buyer is encouraged by the state of California to take him/her to court, where he or she will be made to pay all repair costs.But don't just take my word for it. Check out the website of the CA DMV to make sure you're properly informed: http://dmv.ca.govTaken from the CA DMV's website:Q: Who is responsible for obtaining a Smog Check when a vehicle is sold?A: Section 24007 (b)(2) of the Vehicle Code states it is the responsibility of the seller to provide a valid smog certificate at the time of delivery of the vehicle. There is no provision in the law to sell a vehicle "as is." Q: what if the buyer decides to buy the car even with out a smog knowing the car is modified ? The CA V.C state the seller is required to provide a smog prior to the transfer. The V.C Transfer requirement do not include a SMOG in order for the transfer to be made .
Is a seller of a vehicle responsible if it wont pass a smog test?
The OWNER (no matter what capacity) is responsible.
Can the car seller be held responsible for the car loan of the buyer?
ABSOLUTELY NOT
can the seller get sued in selling a car that does not pass smog?
they cannot be sued because they are not responsible for it after they sold it
Who is responsible for a smog check on a used car?
This information is via: http://www.smogtips.com Section 24007 (b)(2) of the Vehicle Code states it is the responsibility of the seller to provide a valid smog certificate at the time of delivery of the vehicle. There is no provision in the law to sell a vehicle "as is." Therefore the seller is always responsible for the smog certificate even if they mention the car is sold "as-is" because the law doesn't recognize the "as-is" policy. The buyer has the option of paying for any repairs necessary to get the car to pass the Smog Check but may end up taking the seller to Small Claims Court to recover their costs. Although the law clearly supports the buyer, collecting on a small claims judgment can be difficult, so the amicable solution is usually best. For more information visit... http://www.smogtips.com
If the car won't pass smog but the buyer still wants to purchase the car is the seller still responsible?
Sold as is means you are not responsible. You are selling it as it is. Unfortunately in California there is no AS-IS clause for vehicle sales. If it is registered as operational and you sold as operational then the seller is responsible for smogging it. The title of an operational registered vehicle can NOT be transfered without a smog certificate. If it does not pass smog, the purchaser can require the seller to pay for repairs to pass smog. The work around is to register the vehicle as Planed Non-operation (PNO) and sell the vehicle as non-operational. It may not be driven or parked on a public street and would need to be towed from it's residence by the purchaser. The purchaser would then not be able to drive or operate the vehicle on public roads until they registered it as operational. The purchaser would be responsible at that point for smogging the vehicle since they would be the title holder at that time.
When purchasing a home who is responsible for past due HOA fees - buyer or seller?
The seller should pay up to and including the day of closing.
Is the buyer or seller responsible for title insurance in Texas?
The seller is required to provided a clear title; purchasing title insurance is generally a part of this.
Can you sell a car in California and leave the smog up to the buyer?
No, it is the seller's responsibility to provide the buyer with a Smog certificate that is less than 90 days old when selling the car. The law makes no provision for "as is" sales in this matter. I went to the DMV today as I purchased a car that was not smogged and I cannot locate the seller. I was told that I could sell it as is by 2 DMV personnel. Now I am really confused.
