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LSDefine

Simple English definitions for legal terms

contract to sell

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A quick definition of contract to sell:

A contract to sell is an agreement between two parties where one party agrees to sell a product or service to the other party at a later time. It is similar to a contract for sale, which is a legally binding agreement to transfer ownership of a product or service in exchange for payment. A contractual duty is a responsibility that is agreed upon in a contract, such as delivering the product or service on time or providing a certain level of quality.

A more thorough explanation:

Definition: A contract to sell is a legal agreement between two parties where one party agrees to sell a product or service to the other party at a future date. This contract outlines the terms and conditions of the sale, including the price, delivery date, and payment terms.

Example: John wants to sell his car to Jane. They both agree on the price and the delivery date, but they haven't exchanged any money yet. They sign a contract to sell, which outlines the terms and conditions of the sale. Once Jane pays John the agreed-upon amount, the contract will be fulfilled.

Explanation: The example illustrates a contract to sell between two parties for a car. The contract outlines the terms and conditions of the sale, including the price and delivery date. Once the buyer pays the seller, the contract will be fulfilled, and the sale will be complete.

Definition: Contractual duty refers to the legal obligation of a party to fulfill their responsibilities as outlined in a contract. This includes performing specific actions, providing goods or services, or making payments as agreed upon in the contract.

Example: Sarah hires a contractor to renovate her kitchen. The contract outlines the scope of work, the timeline, and the payment terms. The contractor has a contractual duty to complete the renovation according to the agreed-upon terms, and Sarah has a contractual duty to pay the contractor for their services.

Explanation: The example illustrates contractual duty in a construction contract. The contractor has a duty to complete the renovation according to the agreed-upon terms, and the homeowner has a duty to pay for the services rendered. Both parties are legally obligated to fulfill their responsibilities as outlined in the contract.

contract to satisfaction | contractual fault

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kms
i think they want me to take the june one in this case
above their median for everything chat i'm ending it
I applied NYU on October 8th like r give up right?
16:46
wtf
16:47
i'd reach out to their admissions and check up on it
I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
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