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Can a private seller back out of a sale if he returns the down payment?

It depends on the terms of the contract.


What are mns2-3 payment terms?

mns2-3 payment terms


What are ff payment terms?

FF payment terms typically refer to "Freight Forwarder" payment terms, which outline the conditions under which payment for shipping services is made. These terms can specify when payment is due, the accepted methods of payment, and any penalties for late payments. Understanding these terms is crucial for businesses involved in international trade to ensure smooth logistics and avoid disruptions.


What is Payment terms in law?

the payment for goods delivered by the seller is a very important part to the contract. The payment terms will normally be agreed between the parties when the contract is negotiated. It will be usual to expect payment on delivery, payment by instalments or payment by any method agreed by the parties.


What is third 13 2thirdsub third follow payment terms?

payment terms 3rd,13,23rdsub,3rd follow


What is a back payment?

A back payment is an overdue payment from a debtor to a creditor on money owed.


What is DP in terms of payment?

DP = payment against receipt of document


What means tbd payment terms?

TBD meaning in business payment


What does ROG mean in payment terms?

Payment is required on Release Of Goods


What are payment terms of AWB BL?

Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.


What should be done when a contract is silent on the issue of payment terms?

When a contract does not specify payment terms, it is important for the parties involved to communicate and negotiate to reach a mutual agreement on payment terms. This can help avoid misunderstandings and disputes in the future. It is recommended to document any agreed-upon payment terms in writing to ensure clarity and enforceability.


What are terms for net 30 payment?

Payment is due in 30 days with no discount