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What else can I help you with?
Is money lending a valid contract?
It depends on the contract If you are borrowing from a bank or other valid institution I will guaranty the contract will be valid and enforceable. If you are borrowing from your local loan shark, the "contract" may not be valid, but do you want to take the chance?
Can you explain how earnest money works in a real estate transaction?
Earnest money is a deposit made by a buyer to show their serious intention to purchase a property. It is typically held in an escrow account until the sale is finalized. If the buyer backs out without a valid reason, they may forfeit the earnest money to the seller. If the sale goes through, the earnest money is usually applied towards the down payment or closing costs.
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
Can you explain what an earnest money deposit is in real estate transactions?
An earnest money deposit is a sum of money that a buyer puts down to show their serious intention to purchase a property. It is held in escrow until the sale is finalized, at which point it is typically applied towards the purchase price. If the buyer backs out of the deal without a valid reason, they may forfeit the earnest money deposit to the seller.
Why is earnest money important in a real estate transaction?
Earnest money is important in a real estate transaction because it shows the buyer's commitment to purchasing the property. It also provides a level of security for the seller in case the buyer backs out of the deal without a valid reason.
Can you cancel a contract that you signed in Edmonton Alberta?
You can always cancel a contract regardless of where you signed it, provided you are willing to pay the resulting damages for cancellation without a valid reason.
What are the examples of essentialia of a contract?
valid contract
If an item line of a contract is changed and not initialed by both party's is it still a valid contract?
No. It is no longer valid.
How can misrepresentation affect a valid contract?
When someone is induced into entering into a contract as a result of a false statement.
What are the requirements for a valid contract?
For a contract to be valid, it must include an offer, acceptance, consideration, legal capacity, and legal purpose.
If the signatories to a contract change is the original contract still valid?
The contract technically isn't valid if the name has changed. You should resign a contract if you would like to continue the business relationship.
Is viodable contract is a type of valid contract?
Yes: It is a valid contract in the beginning but subsequently it changes into voidable contract due to some uncertain reasons. For example; A person do contract to B person that he will give some garments importing from London and the B accepts it, after it in the way some thing happen and the product is destroyed then a valid contract will be change in a voidable contract.
