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Simple English definitions for legal terms

contract to sell

Read a random definition: false oath

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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babycat
19:31
I am reading a book on mysticism
Dkk
19:33
You wouldn't like them lol. Mainly business plans. But maybe one day.
Dkk
19:34
Psshh what book on mysticism. Is this like a catch all different politcal theories crash course book on mysticism or is this like a fun happy spiritual book?
2big2fail
19:36
@babycat: read some meister eckhart
Dkk
19:36
Not my type of mysticism but I guess that can be fun to read.
Dkk
19:37
"to see what is there and stand with what is there ecstatically." impossible.
1a2b3c4d26z
19:37
5 books or so
1a2b3c4d26z
19:37
I'm the reading the Odyssey rn :)
concorde
19:38
17th c is always unintentionally funny
@1a2b3c4d26z: much better than the Iliad
1a2b3c4d26z
19:40
Sweet now I don't have to read that piece of crap
babycat
19:40
@2big2fail: will check out ty!
Dkk
19:41
@concorde: that one looks cool
babycat
19:41
I need to read st Augustine’s confessions
concorde
19:41
Confessions is goaty
2big2fail
19:42
confessions is entry level
@babycat: have you read Carson’s Eros the bittersweet
Dkk
19:42
Maybe @babycat
2big2fail
19:42
read the zohar lol
Dkk
19:42
Confessions is vital to understanding the evolution of love in philosophy.
1a2b3c4d26z
19:42
who was I yappin about serotonin with
concorde
19:42
Serotonin so good
1a2b3c4d26z
19:42
top 5 of all time and it aint 4
babycat
19:43
We sharing Goodreads on here?
1a2b3c4d26z
19:43
jurassic park unironically good
1a2b3c4d26z
19:43
crime and punishment top 1
1a2b3c4d26z
19:43
im okay with being called basic for that one
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