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What else can I help you with?
When will a contract be void?
A legal contract should be void if one person fails to meet obligations of the contract. A lawyer can assist with any advice or actions. The final determination of the contract is determined by a judge.
Can a homeowners insurance policy drop the policy if no one is living in home and it is on the market to be sold?
Yes, If you have not the insurance company and endorsed the policy to vacant as required and they discover the vacancy they can cancel immediately and void all coverage retroactively to the date it became vacant. It's in the contract. Same if you rent it out and don't notify them.
What does nil mean in business terms?
In business terms 'nil' means 'void' or 'zero' means nothing or not acceptable.
What happens if a name is misspelled on a real estate sale agreement?
Happens all the time, but legally is could make the contract null and void. That depends if one party wishes to challenge it. The mistake will usually be picked up by the title company or conveying attorney before closure. Any challenge to it would probably have to be settled in a court of law and if the agreement could be proven to be legitimate in all other aspects then that challenge would likely be unsuccessful.
Does a homeowner have to tell the insurance company that they rent out the basement?
Yes you are required under the terms of you insuring contract to notify your insurer of any change in occupancy lasting greater than 30 days. Should you fail to do so and a claim arises, and the insurance company finds out that you have transformed the property or parts thereof to tenant occupied, The Insurance company can retroactively declare your policy null and void due to concealment of a known risk even if a claim has already been filed and can deny any and all claims whether property claims or injury claims.
Can you break a Marine Corps contract?
It is not likely that you can break it. There are conditions where you might be able to void it prior to attending training. In most cases, if the contract is broken it is because the Marine Corps no longer desires your services.
Can a void contract be signed and upheld in court?
A void contract can be signed and upheld in court. However, this depends on why it was void to begin with.
Distinguish between void and illegal contracts?
The main difference between a void contract and an illegal contract is that a void contract is no longer valid. It's lost its authenticity. An illegal contract is a contract that is not legal in the name of law. Therefore, it is not relevant.
Is contract void due to wrong person signing?
Yes, the contract is void if the wrong person signs it. In order to be in a contract you must have standing.
What is the effect of an illegal contract?
Contract is null and void
What is the difference between a void contract and an unenforceable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
What is the difference between a void contract and unenforceable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
What is the difference between a void contract and a unenforcable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
A mistake will always render the contract void?
No a mistake does not automatically make a contract void. It may void specific aspects of the agreement. The other terms could be enforced.
What are the types of business contract bonds?
examples of void contract
What happens if the subject matter of a contract is destroyed?
The contract is void.
A contract without legal effect is?
A. Void B. Voidable C. Voiding D. Avoid ANSWER: A Void
