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An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract. Under the common law, consideration for the option contract is required as it is still a form of contract, cf. Restatement (Second) of Contracts § 87(1).
In the law of contracts, revocation is a type of remedy for buyers when the buyer accepts a nonconforming good from the seller. [1] Upon receiving the nonconforming good, the buyer may choose to accept it despite the nonconformity, reject it (although this may not be allowed under the perfect tender rule and whether the Seller still has time to cure), or revoke their acceptance.
Thus, this "PDPS check" enables the state MVAs to prevent someone with a suspended or revoked driver's license in one state from obtaining a driver's license in another state. On March, 29th, 2021 the California DMV declined to renew a California DL for a California resident of 32 years based upon and NDR PDPS flag created by the state of MA ...
The Paul Armstrong Company et al, 263 NY 79 (1933) "In every contract there is an implied covenant that neither party shall do anything, which will have the effect of destroying or injuring the right of the other party, to receive the fruits of the contract, which means that in every contract there exists an implied covenant of good faith and ...
Until July 2024, most drivers can operate a vehicle without car insurance in Virginia if they pay an uninsured vehicle fee of $500 to the Department of Motor Vehicles (DMV). This fee does not ...
A unilateral contract is created when someone offers to do something "in return for" the performance of the act stipulated in the offer. [10] In a unilateral contract, acceptance may not have to be communicated and can be accepted through conduct by performing the act. [11] Nonetheless, the person performing the act must do it in reliance on ...
VA loans come with closing costs, which include the origination fee, funding fee, discount points and other fees for your home loan. VA closing costs can range from 1 to 6 percent of your loan ...
A unilateral mistake is where only one party to a contract is mistaken about the terms or subject-matter contained in a contract. [7] This kind of mistake is more common than other types of mistake. [citation needed] One must first distinguish between mechanical calculations and business errors when looking at unilateral mistake. [citation needed]