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You signed a contract saying that you should pay a motorcycle for two years but wasn't able to pay on time for 6 months is that Breach of Contract?
Wiki User
∙ 16y ago
It's a breach which may be a curable breach under the loan documents.
The question really becomes was the breach cured. In other words, did the person ultimately pay. If the loan documents state that the Lender doesn't waive the right to declare untimely payments a breach then a breach could be called a default and the motorcycle could be repossessed.
If the Lender accepts the payments late and the language doesn't preserve the right to call a default then the payments and acceptance are a waiver of the right to declare a default.
Wiki User
∙ 16y ago
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What network provider are you on? As far as i am aware, you have to buy yourself out of the contract. E.G. £30 per month on a 24 month contract, over 24 months you will pay £720. If you have had 6 months on that contract you will have paid £180. you will have to pay the remainder of the contract, so you would have to pay £540. and then you will be out of the contract.
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You will have three months from the dismissal date to do this. To do the claim you must show that you were not given any options except to resign due to a breach in contract with the employer.
Your contract states you need to give 3 months notice do you have to honour this?
If you have a contract then yes, you absolutely must fulfill the terms of the contract or you risk breaching which subjects you to civil liability.
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If you 'want out' of the contract - you will have to pay an 'exit fee' equivalent to the unused months of the contract. Say you're paying 20.00 a month, and you're in month 5 when the phone was stolen. You would have to pay the remaining 18 months (360.00) to get out of the contract. The reason for this is - you're effectively getting a free phone with your contract - the phone company paid a manufacturer for the handset - and they recover that cost from the customer during their initial contract period.
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The employment was for a set term (length of time), and the term was completed. For instance, if you had a six-month contract, and you performed the work for six months, you fulfilled your contract. That was the end of it. You didn't quit, and you weren't fired. The contract expired.
When are you able to update your phone on a 24 month contract?
Probably 18 months (usually only if you sign to stick with the contract for longer).Call the shop you bought it from or refer to the contract itself - check smallprint.-Elliotop
Can a motorcycle be repossessed if you haven't made payments in 6 months and then started making payments again?
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
