An unwritten, legally enforceable agreement is usually called a verbal contract.
In most cases, once you sign a loan agreement, you are legally obligated to repay the loan. It is generally not possible to back out of a loan after signing the agreement.
Yes, a lienholder can legally repossess your car if you fail to make payments as agreed upon in the loan agreement.
Yes, a bank can legally refuse to close your account if there are outstanding fees, suspicious activity, or other valid reasons outlined in the account agreement.
Yes, you can legally sell a car that you are currently leasing, but you will need to follow specific procedures outlined in your lease agreement and work with the leasing company to transfer ownership to the buyer.
A cosigner in a loan agreement has the responsibility to repay the loan if the primary borrower fails to do so. The cosigner is legally obligated to make payments and has the right to receive notifications about the loan status.
The difference between written and unwritten consent is that one is actually written down on paper, and the other is an oral agreement.
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
A Legally Binding Agreement.
A contract is a legally binding agreement between two or more parties.
A contract is a legally binding agreement between two or more parties.
Generally speaking, an agreement in principle precedes a contract. The contract is enforceable but the agreement is not.
Yes.
It is not legally binding
A contract is a legally binding agreement.
If you sign a prenuptial agreement then you are legally bound by that agreement. What did you agree to?
An agreement in principle is a legally enforceable agreement between parties which identifies the fundamental terms which are intended to be or are agreed upon.
Yes, a text agreement can be legally binding if it meets the requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.