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LSDefine

Simple English definitions for legal terms

contract to sell

Read a random definition: sole discretion

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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windyMagician
11:09
shaq hows ur love life going? any updates?
shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
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