0
Can a 97 year-old great-grandfather entered into a contract for the purchase of real estat get out of the contract before he dies and before money changes hands?
IF he has the legal capacity to enter into a contract the other party may enforce it. If he did not have the legal capacity to enter a contract then the other party should be apprised of the situation. You should consult with an attorney in your area ASAP.
Legal capacity:
- Capacity relates to soundness of mind and to an intelligent understanding and perception of one's actions. It is the power either to create or to enter into a legal relation under the same conditions or circumstances as a person of sound mind or normal intelligence would have the power to create or to enter.
- A person of normal intelligence and sound mind has the capacity to dispose of his or her property by will as he or she sees fit.
- An individual under duress lacks the capacity to contract.
What else can I help you with?
What is a sentence for the word adulthood?
Example sentence - His four children entered adulthood as immature and selfish snits.
What age are we currently living in?
We are currently in the 21st century. We entered the 21st century in 2001.
Are children responsible for living parents' debts when the parents are confined to a nursing home?
In such a situation the children/family members would only be responsible for payment of such debts if they had entered into a written contract/agreement with medical and/or health care providers. If a parent, spouse or relative is unable to sign his or herself into a medical facility or nursing home the signer should be very clear on what, if any conditions are attached for taking the action for the patient. Usually admitting someone to a facility when that someone cannot take the steps themselves will not make the signer obligated to pay expenses.
Can a minor open TD account with senior?
Yes. There are no restrictions as to who can open a Term Deposit account. Let's say you want to deposit $10000/- towards your sons college funds, you can visit your nearby bank branch and open a TD as a joint account between you and your son.A minor is a person who has not completed the age of 18 years. As such according to Section 11, of the Indian Contract Act of 1872, a minor is not competent to contracat. Therefore, any contract entered into by a n\minor except those fjor the necessaries of life supplied to him, is void ab initio, and are therefore unenforceable.However, a banker can open a savings bank accout in the name of a minor and he runs no risk, as long the account is in credit.Similarly, a banker can also open a Term Deposit account in the name of a minor provided he doesn't give loans to the minor. This is because a banker will have to face risks when he gives a loan to a minor because he cannot recover the loan amount from the minor, who is not competent to contract.In case a banker decides to grant a loan to a minor for the necessaries of life for him, it is necessary to satisfy himself that the minor has got sufficient property. This is because a minor's property can be made liable, but a minor cannot be personally made liable for the loan.In the eyes of law, a minor is a pampered child. Hence, a minor can become a major problem.M.J. SUBRAMANYAM, XCHANGING, BANGALORE
What is the origin of the word 'retire'?
The word 'retire' comes from the Middle French word 'retirer', meaning 'to withdraw'. It entered the English language in the 15th century with similar meaning, referring to moving back or withdrawing from a place or situation.
Is there any Arizona cooling off period for new motor home purchase that you have entered into contract but have not signed bank papers or delivery?
there is a question about cooling off peroid and the answer was not posted , can you pleasw aswer it , cause we running in the same problem . (the question was ; Is there any Arizona coolin gof period for a motor home purchase that you have entered uinto contract but have not signed bank papers or delivery ?
What does contract vendee mean?
A contract vendee is a party in a real estate transaction who has entered into a contract to purchase a property but has not yet completed the formal transfer of ownership. This individual has equitable title and rights to the property, even though the legal title remains with the vendor (the seller) until the purchase is finalized. The contract vendee is typically responsible for fulfilling the terms of the purchase agreement, including payment and other conditions, before obtaining full ownership.
What is the gameshark code to contract PKRS on Pokemon FireRed ROM how do you use the code once its been entered?
The Gameshark code to contract PKRS on Pokemon fire red ROM can be obtained once you purchase a premium account.
Does a contract with an attorney end after the judgment has entered against you?
No.
What is a business contract?
A contract is a legally enforceable agreement between two or more persons. A business contract might just be a contract entered into between businesses or for business purposes.
What 5 year old who signed a huge movie contract in 1933?
Shirley Temple, born 23apr1928 was 5 when she entered into that contract.
What are the main types of contract entered into in the UK by individuals and businesses?
idendtify & explain the main types of contracts entered into the uk by persons & businesses
Is it legal to charge more for moving electrical panel for a kitchen remodeling after the contract with an agreed priced is signed?
No its illegal as u have entered into a contract
What can i do when i enter into a contract and the person I'm buying the business from decides he wants to close the business mind you i have been making the payments?
If you entered a contract to purchase a business and the seller closes down after you have made proper payments, you need to contact a lawyer. A judge may require him to give your money back or allow you to reopen.
You entered in to a contract in Wyoming but you are being sued in Colorado Who has jurisdiction?
I believe it would be in Wyoming.
What does assignability mean in a real estate contract?
Once you have entered into a valid contract -- the buyer can "assign" ; "substitute" or hand the contract over to somebody else to fulfill the original terms that the original buyer made with the seller. Usually in a Washington state purchase/sale agreement -- there is a clause that specifies the buyer cannot do this (assign) the agreement to somebody else -- without the sellers express permission and/or approval.
How do you record a real estate contract to purchase against the real estate property?
Take the "original" signed contract to the land records office where the property is located, pay the recording fee and it will be officially entered into the land records. Some Cities/Counties have guidelines for recording documents and your document must meet those requirements.
