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A bare contract is a contract that is not legally enforceable because it is missing an essential legal requirement for contracts called consideration. A bare contract essentially refers to a promise that one person made to another that the law will do nothing to enforce.
→ Read MoreMy small business entered into a 5-year contract at a $1,000 per month. As we are not getting our money’s worth, can we cancel it?
→ Read MoreIf you’re renting furniture, a television, or other items from a rental center, and you fail to pay the rental fee on time as noted in the contract, the company may charge you with theft in some states. However, whether the theft charges will be a felony or not will depend on how much the rental goods are worth.
→ Read MoreIf credit worthiness has failed, for whatever reason, then there is no consideration for the contract and the contract fails. For example, if the dealership cannot obtain an approval from its ‘backer’ for the loan due to your failure in credit, then the contract must be re-negotiated as far as credit is concerned and who will back you in the event of default.
→ Read MoreIf you received title to your car and the lien was released and the lender then went back and changed his mind, the lender cannot get back the released lien. However, this doesn’t mean he has no way to recover the money you owe him.
→ Read MoreYou may be able to challenge the loan company if a loan was taken out without your knowledge and the signature was forged by your ex wife or ex husband, however, if you and your spouse were married at the time the loan was taken out, you may find you are responsible for the debt anyway.
→ Read Morethe relationship between a home or property owner and a contractor hired for a remodeling project is largely determined by the contract that the two parties create. A remodeling contract should specify a number of different things, including the scope of the project and who is responsible for costs that may arise during the project. A written contract will provide invaluable information in the event of a dispute and can help a court to determine both if a breach occurred and what the potential damages are resulting from the breach.
→ Read MoreMost homeowners contract with builders to complete the project in a certain amount of time, but one of the most common disputes between builders and homeowners involves delays in construction. Thankfully, there are some simple measures that can be added to a construction contract to protect both you and the builder if construction delays occur.
→ Read MoreThere are three types of contract acceptance including express acceptance, implied acceptance, and conditional acceptance. In the world of merchant agreements, formal contracts are sometimes too tedious for a busy schedule.
→ Read MorePosting a bad check at the counter for all customers to see is legal. Telling others about the bad check is also legal because the information is considered to be factual and provable.
→ Read MoreFind the right lawyer for your legal issue.
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