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Contract Law

Law covering the establishment, administration of contracts (legally enforceable agreements), the rights and obligations of those entering into contracts, the validity of contracts and disputes over contracts.

2,211 Questions

Can you get out of being a cosigner if the other primary borrower lied on the contract about financial stability?

It is unlikely that the lender would allow you to be removed. A person who needs a co-signer is a credit risk. You agreed to guarantee that the loan would be repaid in spite of that risk. You may be able to sue the primary borrower but it is unlikely they could pay a judgment.

It is unlikely that the lender would allow you to be removed. A person who needs a co-signer is a credit risk. You agreed to guarantee that the loan would be repaid in spite of that risk. You may be able to sue the primary borrower but it is unlikely they could pay a judgment.

It is unlikely that the lender would allow you to be removed. A person who needs a co-signer is a credit risk. You agreed to guarantee that the loan would be repaid in spite of that risk. You may be able to sue the primary borrower but it is unlikely they could pay a judgment.

It is unlikely that the lender would allow you to be removed. A person who needs a co-signer is a credit risk. You agreed to guarantee that the loan would be repaid in spite of that risk. You may be able to sue the primary borrower but it is unlikely they could pay a judgment.

If you terminated a contract for a house can you re contract the same house?

Sure, if the other party wants to agree with you again. Once you've terminated, the other party is without obligation unless they want to agree again.

True or false ohm's law is a general law of nature like newtons laws?

False. Ohm's law, unlike Newton's law, is NOT a fundamental law of nature. Instead, it's a property displayed by some materials.

Some materials obey Ohm's law (example, copper, iron and conductors) while others don't (non conductors).

You can also compare Newton's law of Gravity with Ohm's law.

Every matter (object) is able to cause gravity. There is no exception to this rule.

However, not every object obeys Ohm's law.

'''Ohm's law states''' that the current through a '''conductor''' between two points is directly proportional to the potential difference or voltage across the two points, and inversely proportional to the resistance between them , at a constant temperature. This is believed to hold through by i would imagine all in the scientific community. Despite some minor statistical variations it is accepted as true.

Also electricity is a natural phenomenon (lightening, static)

(Ohm specifies conductors, he doesnt include non-conductors)

note - in non conductors current will flow given a high enough voltage, however it wont be proportional.

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Karnataka Prevention of Fragmentation and Consolidation of Holdings Act?

this is an act brought out by the legislature to prevent transfer or alienation of lands in fragments so as to preserve the larger extents and wastage of lands.

How do you void a military reenlistment contract?

you cannot void a military reenlistment contract. Once you sign and raise your hand you are compelled to serve the time. It works the same way like an enlistment contract does. If you go AWOL(absent with out leave), you will face the same kinds of charges that you would face in your first assignment.

The reenlistment terms are very favorable to soldiers. Specially if you are in a combat zone(deployed) or you posses a critical skill(MOS).

This applies to only Active duty military service members. NG and AR have their own regulation with similar terms.

What does risk retention mean?

Risk retention is a form of self-insurance. An organization sets aside a reserve fund to be able to offset unexpected claims.

If you bought a house and the owner broke the contract by not fixing everything in the contract that he signed can you recover damages for the house?

You may have a good claim. The seller is on the hook to repair whatever he agreed to fix in the contract. Your attorney should notify him via his attorney that he is in breech. If the seller fails to respond, your attorney should file a claim against him in civil court. If your attorney is reluctant, find another lawyer.

A quasi-contract is not a contract at all?

A quasi-contract is fictional and created for equitable, not contractual purposes by the courts. It is not a real contract, simply a means to bring about equity between two parties in dispute. It is used to represent a contract that should have been formed in this case, but was not.

How do cost plus contracts work?

Where there is a large uncertainty as to the actual costs required to develop or build something (especially a new technology), a "cost plus" contract stipulates that the performing agency receives its actual costs plus a separate amount that represents a profit. Although unspecified and open-ended as to the total eventual expenditures, a cost-plus contract may be "capped" at some amount to limit the payee's exposure.

What are the powers and functions of the governor general during the spanish period?

This person would be the representative for the monarch in a colonial state. They would keep the peace and enforce new laws for the people.

What was the purpose of the contract with America?

its provisions represented the view of many conservative Republicans on the issues of shrinking the size of government, promoting lower taxes and greater entrepreneurial activity, and both tort reform and welfare reform.

If in a contract one party does not sign the papers and conceals the fact is the contract still valid?

If a party did not sign the contract, he cannot be made to perform, regardless of any facts not disclosed deliberately or unintentionally.

What is customer contract?

A customer contract is a legally binding agreement between a business and its customer that outlines the terms and conditions of a transaction or service. It typically includes details such as the scope of work, payment terms, delivery timelines, and responsibilities of both parties. Customer contracts are essential for protecting the rights of both the business and the customer, ensuring clarity and accountability in the relationship. These contracts can take various forms, including service agreements, sales contracts, and subscription agreements.

What is a liability?

A liability is an obligation, money owed or perhaps a burden. A company or organisation has the liability to pay to outsiders such as creditors, accounts payable, long term loans, etc. In a liability, a person has a legal responsibility for their actions.

Liabilities means a debt or the amount due from a business to others or the amount owned by a business to others party. Ex: laws borrowed, bills payable etc.

What is subservient charge?

It is a second charge on assets..

How does one get a repo contract?

you have to first be liscenced as a reposessor in most states, you need reposessor insurance as well. not a cheap thing to get. if you were to go and repo a vehicle and the cops are called without the proper license, insurance, and the documentation from the lender including a copy of the title you aren't walking away fom it.

What is bilateral mistake?

An error made by 2 parties, who believe differently and/or incorrectly about the facts in the contract.

bilateral or mutual mistake; a material fact that is mistaken by both parties. In such a case, the party who is adversely affected by the mistake has the right to cancel or rescind the contract. Sometimes a word or term is materially interpreted differently by each party, their mutual misunderstanding may allow the contract to be rescinded.