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the payment for goods delivered by the seller is a very important part to the contract. The payment terms will normally be agreed between the parties when the contract is negotiated. It will be usual to expect payment on delivery, payment by instalments or payment by any method agreed by the parties.
What else can I help you with?
By law how many days does your payment have to be late for a reposession to occur?
The number of days a payment must be late before repossession can occur varies by state and contract. Typically, it ranges from 30 to 60 days past due. It is important to review the specific terms of your contract and familiarize yourself with the laws in your state regarding repossession.
What law is broken when a mortgage company charges a late fee when the payment was received within the grace period?
None ! It's up to the customer to read every part of the contract they're signing. If the company has made it clear in the contract what will happen if your payment is late, then you have no recourse for complaint.
Is it against the law to write someone a check then stop payment on it?
It depends of several factors. Stop payment orders are mostly governed by state laws and regulations, which vary by state and bank. Stopping payment on a check to avoid payment of a legitimate debt may be a criminal act of fraud, depending on state fraud laws. It Texas if you stop payment on checks to certain businesses they can retaliate. For example, if you refuse to pay a auto mechanic bill they can keep your car. If you pay with a check to get the vehicle, then stop payment on the check, the mechanic can repossess your car just like a loan company who isn't paid can.
When you am awarded a cash settlement how long does the other party have to pay it?
A cash settlement payment by the other party is dependent on the contract that was signed. All vary depending on the terms of the agreement. It is beneficial to reference the contract in which both parties signed.
Is a contract valid if one of its terms breaks the law Why or why not?
No, a contract is not valid if one of its terms breaks the law. This is because contracts must be formed for a legal purpose and must comply with the law in order to be enforceable. If a contract includes a term that violates the law, that term is considered void and unenforceable, which may render the entire contract invalid. It is important for contracts to adhere to legal requirements to ensure their validity and enforceability.
What are mns2-3 payment terms?
mns2-3 payment terms
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What are ff payment terms?
FF payment terms typically refer to "Freight Forwarder" payment terms, which outline the conditions under which payment for shipping services is made. These terms can specify when payment is due, the accepted methods of payment, and any penalties for late payments. Understanding these terms is crucial for businesses involved in international trade to ensure smooth logistics and avoid disruptions.
What is third 13 2thirdsub third follow payment terms?
payment terms 3rd,13,23rdsub,3rd follow
What does ROG mean in payment terms?
Payment is required on Release Of Goods
What means tbd payment terms?
TBD meaning in business payment
What is DP in terms of payment?
DP = payment against receipt of document
What are payment terms of AWB BL?
Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.
What should be done when a contract is silent on the issue of payment terms?
When a contract does not specify payment terms, it is important for the parties involved to communicate and negotiate to reach a mutual agreement on payment terms. This can help avoid misunderstandings and disputes in the future. It is recommended to document any agreed-upon payment terms in writing to ensure clarity and enforceability.
What are terms for net 30 payment?
Payment is due in 30 days with no discount
Fifth third prox payment terms calculator?
The Fifth Third Prox Payment Terms Calculator is a tool designed to help businesses understand and manage payment terms effectively. It calculates payment dates based on invoice dates and terms, allowing for better cash flow management. Users can input specific terms, such as payment schedules and due dates, to see how these factors impact their financial planning. This tool aids in optimizing payment processes and improving overall financial efficiency.
Who is collecting banker?
A bank that assists in obtaining payment in accordance with draft payment terms.
