0
What else can I help you with?
Is the private car seller only accepting cash as payment?
Yes, the private car seller is only accepting cash as payment.
What are the four rights of a buyer in a contract for sale?
In a contract for sale, a buyer typically has four key rights: the right to receive the goods as specified in the contract, the right to inspect the goods before accepting them, the right to demand that the seller fulfill their obligations as outlined in the agreement, and the right to seek remedies if the seller breaches the contract. These rights ensure that buyers are protected and can hold sellers accountable for their commitments.
How would one describe a land contract?
A land contract is a contract between seller and buyer of property. A contract is only made when an agreement between seller and buyer has been reached. The seller becomes the land owner only when the full payment has been made.
If buyer requests a release from contract can seller choose to enforce the contract?
A contract, if properly drafted, is enforceable. If the buyer requests a release the seller can negotiate or keep the deposit.
Which statement about contracts is correct?
The correct statement about contract is that a contract is an agreement between a buyer and a seller. A contract can be a written or oral agreement.
What happens if Seller dies after signing contract?
If a seller dies after signing a contract then the contract is terminated. In the case of real estate the property may go to the state, a bank, or the trustee of the will.
How much interest can a seller charge on land contract?
A seller can charge whatever interest they wish on a land contract. The buyer doesn't have to sign a contract if they don't agree with the terms.
If a seller in contract agrees to pay all taxes until sale can they make buyer pay taxes instead?
No. The seller must honor the contract.
Once a contract is signed can the dealer increase the price and void your original contract?
If you have both signed the contract and it is legally valid, then NO, the seller cannot change the terms of the contract or unilaterally void the contract (unless the contract states that the seller is allowed to do this). If you are in doubt, you need to talk to a lawyer ASAP.
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
Is it possible to back out from a car contract?
If the seller agrees to let you out of the contract. Otherwise you are bound by what you signed.
What is a contract for differences in relation to finance?
A contract for differences is generally a contract between two people or different groups, often seen as one buyer and one seller. Generally stipulating that the seller will pay the difference in a sale.
