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Is it possible to have a real estate contract rescinded after closing if something wasn't repaired as stated in the contract and is NOT considered repairable?
This is one of those "speak to competent legal counsel" kinds of questions, but the basic answer would be "no". However, that doesn't end the matter. The question for you is, "is the problem bad enough that you are willing to go to court and sue for damages?" Did the seller promise to repair the water heater, and it turns out to be still broken and unrepairable? Probably not worth the hassle. Get a new one and move on. However, that 100' long deepwater dock that was the major reason you bought that $2 million house, and it turns out that it's unsafe and the county won't allow repairs is an entirely different matter. The house may now be worth far less than you paid, and you may not be able to use the property as you had originally intended. You need a good real estate lawyer. The "Reasonable person theory" applies here. If you do decide that the reasonable thing is to get a lawyer and fight it out, you should get one that specializes in real estate law.
What else can I help you with?
What was the ruling on Beachcomber Coins Inc v Boskett?
The ruling was that the contract could be rescinded, because both parties believed the coin was genuine at the time of sale and since it turns out it wasn't the contract can be considered void.
What is the definition of rescined?
"Rescinded" means to revoke, cancel, or annul a decision, contract, or agreement. It typically involves declaring something invalid or no longer in effect.
What are the grounds for breach of contract in the Philippines?
Generally parties are bound by a contract in the Philippines unless the contract is rescinded. If two entities enter a contract and both agree that they are no longer interested in pursuing the endeavor, they can agree to breach the contract.
What is the matching word to this definition an offer may be rescinded any time prior to?
An offer to contract may be rescinded at any time prior to acceptance, where that includes any manifestation of assent that can be reasonably interpreted as acceptance of a particular agreement.
What is the Effect of rescission on a contract to sell a piece of land?
When a contract to sell a piece of land is rescinded, it means the contract is canceled. The parties are released from their obligations under the contract and must return to each other any consideration that was exchanged. The land goes back to the original owner as if the contract never existed.
Haydns contract of employment shows that he was considered?
haydn's contract showed he was considered what
To opt out of a contract?
If you opt out and have the right to do so it is considered terminating a contract. If you unilaterally decide to opt out of a contract and do not have a legal basis to do so; that is considered a breach of contract. If you breach a legal contract you can be sued.
What happens in a contract when only one party makes a promise to do or not to do something?
In a contract where only one party makes a promise to do or not do something, it is considered a unilateral contract. This means that one party is legally obligated to fulfill their promise, while the other party is not required to do anything unless they choose to accept the offer.
Is a bilateral contract modification a contract?
It depends on whether both sides gave new consideration (something in exchange for something). If only one party did something different under the contract, then it is gratuitous and only the original contract is legitimate. If both parties offered something new to the contract then there is a new contract formed and the old contract is thrown out.
Are terms of service considered a contract?
Yes, terms of service are considered a contract between a user and a company.
Is the bronchure a contract?
An advertising brochure is not considered a contract. It also typically has a lot of fine print indicating this. It is an offer that is usually contingent on availability. It can be really frustrating to show up and want something to discover that they don't have it.
How long before a job is legally yours?
A job is typically considered legally yours once you have signed a formal employment contract and the employer has officially accepted it. This includes any necessary pre-employment checks or conditions, such as background checks or drug tests. Until the contract is signed and all conditions are met, the offer can usually be rescinded by the employer. Always check the specific terms outlined in your job offer for clarity.
