6 Item(s)

per page
Set Descending Direction

The law can be very complicated and at the top of that list, just behind property law (obviously!), is contracts law. For me, contracts was my favorite course in law school. Contracts is also the one class I went into thinking, I probably already know some of this information. Sometimes having an air of confidence can lead to bad endings, but not in the case of contracts law. My contracts course in law school also ended in the same sort of way, I felt I already knew most of it, but it’s the deta...

Read More

Tags:

Comments | Posted in Contracts Sanket Mistry 2014-Feb By Sanket Mistry

Contracts law 101 begins with offer, acceptance, and consideration. Most people have some level of understanding when it comes to the first two - offer and acceptance. Not only do most people have experiences with offer and acceptance, the language adds to the familiarity. Consideration, on the other hand, is as an unfamiliar word as it is a legal concept.

Consideration is often used with its Latin equivalent, “Quid Pro Quo” which translates as something for something. In contracts jargon that me...

Read More

Tags:

Comments | Posted in Contracts Sanket Mistry 2014-Feb By Sanket Mistry

A house is the most valuable thing that most of will purchase in our lifetime. Even those few who are lucky enough to own more than one house still have a house at the top of their list of their most valuable purchases. It’s no wonder that we end up spending most of our time at home. We put up signs like, “Welcome,” and “Home Sweet Home.” We spend hours making the house feel like a home. No other place is as personal as a home.

It is only natural that we would want to protect your home. We want t...

Read More
Comments | Posted in 2014-Jan Contracts Sanket Mistry By Sanket Mistry

You may have heard of these things called letters of intent (LOI). Someone may have sent one to you.

What are you suppose to do with it? What is it? Why they are sending it to you? Are you entering into a contract without knowing it?

Don’t worry. A LOI is not a contract, at least not by itself. And it is rare that your silence or inaction will create a binding contract (although there are a few limited cases such as sending out a reward poster, but I digress as it is not relevant here).

So, if a LO...

Read More
Comments | Posted in 2014-Jan Contracts Sanket Mistry By Sanket Mistry

With so many bill of sale forms out there, it can be difficult to know what you really need. There are a few considerations to keep in mind. Here is what I think you should generally look for in a bill of sale to help better protect yourself.

Does Your State Require a Bill of Sale

A bill of sale is a contract for the sale of a motor vehicle. A Bill of Sale provides some level of protection against potential fraud as it requires certain information (although, it should be noted that a bill of sale ...

Read More
Comments | Posted in 2014-Jan Contracts Sanket Mistry By Sanket Mistry

Selling your car to a used car dealer or to a car lot can be an easy way to sell your car. Especially if you are selling to someone that has a reputation in your community, the transaction can be fast and to the point. The sales person may even show you the “book” value which is always many times lower than what you can get if you sell the car yourself. And that is the trade-off.

For convenience, you will take a hit on the sales price, a big hit. For some people they would rather not deal with an...

Read More
Comments | Posted in 2014-Jan Contracts Sanket Mistry By Sanket Mistry

6 Item(s)

per page
Set Descending Direction