What is a stipulation filing?
What is a stipulation filing?
A “stipulation” is an agreement between two parties that is submitted to the judge for approval. It eliminates the need to go to court and have a judge decide an issue. A written “Stipulation and Order” includes the parties’ agreement, both of their notarized signatures, and the judge’s signature.
What is implied condition as to title?
For the purposes of Sale of Goods Acts under a contract of sale of goods, the implied: Condition that the seller has the right to sell the goods. Warranty that the goods will be free from any charge or encumbrance in favour of a third party that has not been declared or is not known to the buyer. …
What are express conditions?
The term express condition refers to an explicit contractual provision under which either: (1) A party to a contract does not come under a duty to perform unless and until a designated state of affairs occurs or fails to occur, or (2) If a designated state of affairs occurs or fails to occur a party’s duty to perform a …
What is meant by merchantable quality?
A product which is undamaged and usable and of sufficient quality to merit purchase at the requested price by a reasonable buyer. Related Terms: Consumer Goods, Misrepresentation.
Is the concept of let the buyer beware?
Caveat emptor is a Latin term that means “let the buyer beware.” Similar to the phrase “sold as is,” this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.
Does caveat emptor still exist?
The long-standing doctrine of American law known as caveat emptor, or “let the buyer beware,” is still alive and well in the State of Florida with respect to the purchase and sale of commercial real estate (though quite dead in the residential real estate context, see Johnson v. Davis).
What is the literal meaning of caveat emptor?
Caveat emptor is a Latin phrase that can be roughly translated in English to “let the buyer beware.” While the phrase is sometimes used as a proverb in English, it is also sometimes used in legal contracts as a type of disclaimer.
What does caveat emptor mean in law?
let the buyer beware
What do you mean by legal language?
Legal language means a language used by the persons connected to the legal profession. The language used by the lawyer, jurist, and the legislative drafts man in their professional capacities. Law being a technical subject speaks through its own register. Legal language has varies like local legal language and English.
What is the meaning of caveat Venditor?
let the seller beware
Who is not a consumer?
1-2-1c ANY PERSON WHO OBTAINS THE GOODS FOR ‘RESALE’ OR COMMERCIAL PURPOSES’ IS NOT A CONSUMER – The term ‘for resale’ implies that the goods are brought for the purpose of selling them, and the expression ‘for commercial purpose’ is intended to cover cases other than those of resale of goods.
Is service a commodity?
Clearly, ‘a’ is a commodity and ‘b’, a service. A service is nothing but a commodity, to which value addition is done and can be differentiated. Another important difference between the same lies in pricing. In the case of commodities, it is often to manufacturers who then use it to offer services.
What are the 4 characteristics of a service?
Four characteristics of service are;
- intangibility,
- inseparability,
- variability and.
- perishability.
