0
Can a purchase and sale agreement be enforced against the seller?
Wiki User
∙ 13y ago
All legal contracts are written with the purpose of binding each of the parties. The contract is enforceable against each of the parties. Contracts voided within the terms of the agreement are legally ended, while contracts ended in violation of these terms are breaches often become the subject of further legal action.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What rights do you have if you bought a car as is?
The term "as is" refers to the fact that the item is purchased "with all faults" and that no representations are made by the seller as to condition or functionality. It is necessary that the prospective buyer conduct his/her own inspection of the vehicle prior to purchasing it. Ordinarily, there will be no responsibility by the seller for any defects or malfunctions of the vehicle after purchase.
How do you make sure the diamond is legal?
Whenever you purchase a diamond, you can request its Kimberly Certificate, which gives you the best assurance that your diamond is not a blood diamond -- that is, mined by hand by workers under threat of death. When you purchase a diamond from a private seller, you can request provenance -- that is, the history of the diamond -- and there are no assurances that what you receive will be authentic.
What does satisfaction guaranteed mean?
If you're not satisfied with the seller's product, you can get a full refund from the seller, usually without reasons required.
'a seller cannot convey a better title to the buyer than he himself has' discuss this rule of law and point out its exceptions?
“A seller cannot convey a better title to the buyer than he himself has.” Discuss the exceptions to this rule.
Contract for Deed?
Get StartedA Contract for Deed is commonly used by a Seller of property who is interested in acting as a lender to the purchaser of their property. Through a Contract for Deed, the Seller also acts as the financer for the Buyer. This option has pros and cons for both Buyer and Seller.The Seller does not receive the total sales price for the property at the time of executing the Contract, but rather receives payments pursuant to the terms of the Contract. The Seller does retain ownership of the property until the Contract terms are met. Since the Seller receives periodic payments, the Seller can view these payments as steady income. Since the Seller is the financer, the Seller receives the total purchase price plus accruing interest as set forth in the Contract. The Seller takes on certain risks should the Buyer default on payments making it necessary to pursue foreclosure proceedings.A Contract for Deed assists a new homebuyer with no credit history or poor credit history in obtaining financing to purchase a home. By not using the traditional financing method of a bank or credit union, the Buyer can build credit by financing through a Contract for Deed. The Buyer must be cautious when entering into a Contract for Deed to ensure that the Seller is the actual owner of the property and has authority to sell the property. The Buyer can contact the County Recorder for the county the property is located in to check the property records.
Can a purchase agreement be signed first by the seller ....Is this binding?
Yes, a seller can sign the agreement first, but it is not binding until all parties have signed and the signed copies have been delivered.
What are the features of a hire purchase system?
buyer and seller make written and legal agreement between them
Who can tell me how to make purchase agreement template?
This website, Law Depot, makes it very easy to create legal documents like purchase agreements: http://www.lawdepot.com/contracts/purchase-agreement-form/?a=t&ldcn=purchase They ask you to enter the details of your purchase agreement (like the seller's details, buyer's details, etc.) and when you submit the form, they give you a purchase agreement that you can copy and use for your business needs.
How an escrow clause can be drafted?
First, determine what conditions would cause you to back out of your agreement with the seller after signing the purchase agreement. Write these into an escrow clause, then have an attorney look it over to ensure its legality. Then, both you and the seller must sign the clause.
Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
What is the difference between purchase agreement and closing on a house?
A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!
What is a seller pursuant?
Those words have been taken from a contract or agreement out of context. Examples of their use in contract language are as follows: The Buyer will pay one-half of the closing costs of the Seller pursuant to the agreement signed by the parties on 9/01/2008. The bank has no claims against Seller pursuant to the Note or otherwise.
What are tying or bundling agreement?
The condition imposed by a seller which obliges a buyer to agree to purchase an additional product (tied product) if they wish to purchase their desired product (tying product).
What can you do if the seller of real estate does not close on the closing date?
You need to review your Purchase and Sale Agreement to see how and if that issue is addressed. You should ask the attorney who is representing you in your purchase what your options are.
What is the definition of an as is residential real estate purchase in North Carolina?
You accept the property in the condition it is in at the time of the purchase. The seller makes no warranties and you can't make any claims against the seller to make repairs.
What action can you take against a seller on eBay when you have been ripped off?
It depends what the problem is. In the first instance you should contact the seller and try to resolve things with them. If you are not able to come to an agreement with them you can ask eBay to look at the issue for them b going to the Resolution Centre and raising a case against the seller.
Is a purchase order a buyer or a seller?
A purchase order is issued from a buyer to a seller.
