0
Yes, a real estate contract can still be binding even if no deposit is made, as long as both parties have agreed to the terms and conditions outlined in the contract.
What else can I help you with?
Is it legal to keep a deposit on a motorcycle in Ohio?
A deposit is a promise to buy the vehicle As you have made a deposit the seller has agreed not to sell the vehicle to anyone else. This is a binding contract and in most Places the seller can force you to buy the vehicle. If he allows you out of the deal and keeps the deposit you are luck he only charged you the deposit.
Is a contract legal if the offer is not made seriously?
A contract is a legally binding document. If it was signed, it is serious.
Is an offer and acceptance a binding contract?
Yes, an offer and acceptance form the basis of a legally binding contract. Once an offer is made by one party and accepted by the other party, with agreement on the terms, consideration, and intention to create legal relations, a contract is formed.
What is the difference between an escrow deposit and earnest money in a real estate transaction?
An escrow deposit is a larger sum of money held by a third party during a real estate transaction, while earnest money is a smaller deposit made by the buyer to show their commitment to the purchase.
What is the difference between a good faith deposit and earnest money in a real estate transaction?
A good faith deposit is a general term that shows a buyer's commitment to a real estate transaction, while earnest money specifically refers to a deposit made by the buyer to show their serious intent to purchase the property.
Binding contract buyer sign and co-buyer don't sign is the contract void?
If the contract was supposedly made for a co-signer and lead signer then no, it would be non-valid if not signed by both parties.
Explain consideration and acceptance are the binding element of contract?
An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.
Is a hotel booking made in advance by credit card a binding contract?
Once you have paid by credit card or by any other means it becomes binding contract to both parties. Many hotels have cancellation charges which you will have to bear in case you cancel booking, prior to booking date.
Is a deal made over the phone with a car dealer a binding contract in Florida?
Absolutely not. Unless it is a signed paper it will be difficult to enforce.
How an auto insurance policy is a binding legal contract?
An insurance policy in combination with the application for insurance together make a legally binding contract. The application is the acceptance of the quote along with certain guarantees made by the applicant. As long as the truth is given on the application then the application is accepted by the company and it is a bound contract. If it is later found that you lied on the application, the contract is broken and the company does not have to abide by their part of the agreement either.
What is the meaning of having marriage in dreams?
Marriage represents a public commitment or contract. So this dream suggests that the dreamer has made such a commitment, or entered into a binding contract. Other details in the dream might provide further clues to identify this contract.
Can a verbal agreement override a will?
You haven't provided enough detail.A verbal agreement may constitute a binding agreement or contract although it must meet certain requirements. Whether the parties have a valid contract is a determination that must be made by a judge. Some agreements must be in writing in order to be binding. These include transactions regarding real estate and an agreement to make a Will.http://smallbusiness.findlaw.com/business-contracts-forms/what-contracts-are-required-to-be-in-writing.html
