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To create a contract to sell a used car, both the buyer and seller need to agree on the terms of the sale, including the price, condition of the car, and any other relevant details. The contract should also include information about both parties, the car's make and model, the VIN number, and any warranties or guarantees. Once the terms are agreed upon, the contract should be written down, signed by both parties, and dated to make it legally binding.

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6mo ago

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What is a forward contract?

A customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging.


What is the difference between "buy to close" and "sell to close" when it comes to options trading?

"Buy to close" means purchasing an options contract that you previously sold, closing out your position. "Sell to close" means selling an options contract that you previously bought, also closing out your position. Both actions are used to exit a trade and realize any profits or losses.


What is ready and forward exchange rate?

•The merchant business in which the contract with the customer to buy or sell foreign currency is agreed to and executed on the same day is known as ready transaction. •Thus in practice, the terms ready and spot are used symbolically.


What is the purpose of due diligence regarding a hedge fund?

Due diligence is used to refer an investigation that is undertaken before a contract is signed. The purpose of due diligence is to make sure that the contract will be beneficial, generally within an acceptable risk rate, and possibly to make sure that any business or legal requirements are met or addressed.


What is a currency future?

currency future is a future contract in which a specified currency can be bought or sell at a predetermined price and date. it can be used for risk hedging purpose and for speculation purpose.risk is related to fluctuation in rate of various currencies,e.g. rupee to dollar, if investor will receive cash flow denominated in foreign currency in some future date at that time the value of that currency might be lower than today's value then there is a risk for getting money less than it should be. so to eliminate this risk the investor will enter in to the contract of currency future that he will sell this contract at some specific price at predetermined date. hence his risk will be hedged now he is no longer concerned about the fluctuation in value of that currency.

Related Questions

What are the key considerations to keep in mind when drafting a contract to sell a used car?

When drafting a contract to sell a used car, key considerations include accurately describing the car, specifying the sale price and payment terms, outlining any warranties or guarantees, including any conditions of the sale, and ensuring both parties sign the contract to make it legally binding.


What is the term used to describe the process of creating offspring?

The term used to describe the process of creating offspring is reproduction. It involves the production of new individuals which share characteristics inherited from their parents.


How is CMMI used for software process improvement?

it is used to develop software by creating and desining new softwares.


What is a forward contract?

A customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging.


What exactly is the purpose of class scheduling software?

The main idea of the software is to automate the process of creating and maintaining the schedules in the school. It is used by many schools and colleges to help with the process of creating the schedules in these places.


What is another name for creating an object?

Another name for creating an object is instantiation. This term is commonly used in programming to refer to the process of creating an instance of a class or data structure in memory.


Why is the design process used when creating new products?

Beacuse it helps make better products


Can I get a dehumidifier rental in the Jacksonville, Florida area?

No you cant get a dehumidifier rental in jacksonville, florida. Most places that sell dehumidifiers only sell them. This is because people contract germs and ill born sickness's from used dehumidifiers.


What is the difference between "buy to close" and "sell to close" when it comes to options trading?

"Buy to close" means purchasing an options contract that you previously sold, closing out your position. "Sell to close" means selling an options contract that you previously bought, also closing out your position. Both actions are used to exit a trade and realize any profits or losses.


How is the paper in receipts made?

The type of paper which is used to create receipts is called thermal paper. It is not normal paper which is used in this process of creating the receipts we use daily.


How did the bessemer process make suspentioins bridges possible?

The process removed the impurities from the iron creating steel. Therefore steel could be used to make bridges, buildings, and other things.


What is meant by the term assonance?

Assonance is common in poetry. It is the process of creating internal rhyming within a sentence by using a repetition of sounds. Most generally vowel sounds are used for this process.