If the asking price to sell the property is priced too high, it’ll sit on the market for a longer duration, but the probability of finding the highest-paying buyer increases (and vice versa). Thus, estimating the fair market value of the property ahead of time can help in setting thep...
Terms of Sales refer to the agreement between the buyer and seller of goods and services on conditions of price, quality, quantity, delivery, warranty, payment terms and other special conditions. Terms of sale refers to the point where the sellers have fulfilled their obligations so that the go...
Pay stubs make it easier for your employees to see exactly how much money they’re bringing in and where it’s going. This means they can plan their budget, set savings goals, and stay on top of expenses without any surprises. Legal compliance (for employers) ...
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Similarly, constructive trusts are always applied as a matter of law. The occurrence of a constructive trust happens regardless of either party's intention when a court of law places a duty upon a party to sustain certain property for another party. The party responsible for the property becomes...
Typical Cases Employment, property, business promises Sale of goods, service contracts While contracts require an exchange of value, promissory estoppel applies when reliance on a promise causes harm, even without formal agreement terms. Frequently Asked Questions 1. What is the main purpose of promis...
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A ground lease is an agreement in which a tenant is permitted to develop a piece of property during theleaseperiod, after which the land and all improvements are turned over to the property owner. Key Takeaways A ground lease is an agreement in which a tenant can develop property during th...
Conversion of Floating Charge to Fixed Charge With a fixed charge, tangible assets, such as property or equipment, are used to secure a specific debt. In cases such as a default under the lending agreement, or insolvency, lenders have legal rights and remedies to take over ownership of the ...