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An unpaid seller has the right to get paid and the right to bring suit against a buyer who will not pay. He may have the right to place a lien on the buyer's property.
On the other hand, he has the responsibility to do or deliver what was promised (in the condition it was said to be in). If there was a written contract, it may spell out other specific responsibilities.
What else can I help you with?
What is meant by payment term DDU?
Delivered Duty Unpaid. This terms no longer exists in the latest version of Incoterms 2010
What happens if your bank account was frozen for unpaid credit card debt while you were deployed to Iraq?
Generally litigation cannot be taken against military personnel on duty in a combat zone. Please visit this website for information and assistance. JAGCNET, http://www.jagcnet.army.mil/legal
Duties of a sales person in personal loans?
Sales people that are selling loans have a duty to make sure the person can afford he loan and pay it back. The duty to the borrower is more of a moral duty, but the duty to the bank is legal.
Do you have to pay stamp duty when selling a house?
Yes, in most cases, you have to pay stamp duty when selling a house. Stamp duty is a tax imposed by the government on the transfer of property ownership. The amount of stamp duty varies depending on the property's value and location.
Who should pay the Stamp duty for Loan Agreement - Bank or Loan applicant - Why?
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
Explain concept duty and training of nights?
You probably mean "knights", right?
What does CIP DUP and DDU freight terms mean?
CIP (Carriage and Insurance Paid to) means the seller pays for transportation and insurance to a specified destination, transferring risk to the buyer once the goods are handed over to the carrier. DDP (Delivered Duty Paid) indicates that the seller takes on all responsibilities, including shipping and customs duties, delivering the goods ready for unloading at the buyer's location. DDU (Delivered Duty Unpaid) means the seller delivers the goods to the buyer's location but does not cover customs duties or taxes, leaving those responsibilities to the buyer.
Is the new term of DAP same as DDU?
No, the new term DAP (Delivered at Place) is not the same as DDU (Delivered Duty Unpaid). While both terms indicate that the seller is responsible for delivering goods to a specified location, DAP requires the seller to clear the goods for export and deliver them ready for unloading, but does not include payment of import duties. In contrast, DDU, which is an older term, also involved the seller delivering goods without having paid import duties, but has been largely replaced by DAP in modern shipping terminology.
Difference between fundamental rights and fundamental duty?
difference between duty and right difference between duty and right my answer is: duty is an obligation while right is freedom to exercise a duty like voting. there is a "moral" duty to vote but the right to ignore that duty [ obligation ] to your peril i might add
What is meant by payment term DDU?
Delivered Duty Unpaid. This terms no longer exists in the latest version of Incoterms 2010
Was landed duty paid ever an incoterm?
No, "landed duty paid" is not an Incoterm. It refers to a pricing term where the seller is responsible for all costs, including duties, taxes, and transportation, up to the destination location. "Delivered Duty Paid" (DDP) is an Incoterm that is similar but covers additional responsibilities such as unloading the goods at the destination.
What is the duty of the commentator?
The duty of the commentator is to explain to the audience what is happening. A common place to find a commentator is at a sports event, where they would be expected to explain what is happening in the game and provide facts about the players.
Is nondiscrimination a right or duty or neither?
its a right
Is nondiscrimination a duty or right or neither?
its a right
Is paying correct taxes promptly right or duty?
duty
What is ddu shipment?
DDU (Delivered Duty Unpaid)Seller fulfills his obligation to deliver when the goods have been made available at the named place in the country of importation. The seller has to bear the costs and risks involved in bringing the goods thereto (excluding duties, taxes and other official charges payable upon importation) as well as the costs and risks of carrying out customs formalities. The buyer has to pay any additional costs and to bear any risks caused by failure to clear the goods for in time.
What is abbreviation of SAD in customs duty?
Special additional duty
