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Questions tagged [contracts]

For questions that relate to the outcomes of contracts such as loans, securities, derivatives, employment, etc.

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2
votes
0answers
156 views

Landlord/Property managers broke contract (I think) but I never did anything about it due to hassle involved, what are my options now?

So, about a year ago some people came in and changed the Electric and Gas meters to Pay as you go meters because the landlord hadn't paid the bills. Since my contract was an all-inclusive contract ...
1
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6answers
391 views

Advice on loan to friend

I am writing up a legal document (USA, Michigan) for loaning 7k to a friend with 10% APR with a term length of 5 years. (known him 5 years, he has paid back many smaller loans before). We'll both ...
0
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1answer
89 views

Value of a Forward contract at an intermediate time

Suppose we hold a forward contract on a stock with expiration 6 months from now. We entered into this contract 6 months ago so that when we entered into the contract, the expiration was T=1 year. The ...
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1answer
73 views

Yearly line rental - moving provider or moving house

I am confused with how paying for a yearly line rental works. As you could guess, I am 12 months into my broadband contract and they are offering me to pay for another years line rental up front. I ...
2
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3answers
101 views

Why Options trading is charged on per contract basis

I have been trading options for years, but could not understand why Brokerages charge fee on basis of number of contracts. Per Fidelity : Trade for just $4.95 per online trade, plus $0.65 per ...
2
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4answers
112 views

What do option contracts look like?

Options are said to constitute in essence a legal contract for one party to buy or sell an assets at a set price in a future time. In modern trading, is there also an actual contract in fact, that is ...
0
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1answer
46 views

What Happens to OTM Puts Following a Cash Aquisition?

Say I purchase OTM puts with a $5 strike and the underlying company is acquired through a tender offer that pays $19.00 cash per share. My contracts are accelerated and adjusted to reflect the new ...
4
votes
1answer
82 views

Germany - Tax implications for a full-time contract in the same year of a HiWi contract

I'm about to graduate from a German university. At the beginning of the year, I am working a HiWi (research assistant) job, and the contract ends in March. After I graduate I'm going to take up a full-...
3
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5answers
492 views

Cheaper in absolute sense to buy more?

I recently talked to my ISP. I am paying ~80 USD/mo for telephone service. If I purchase DSL + telephone service, other than a one off equipment charge I will pay ~60 USD/mo total. This without any ...
0
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1answer
115 views

What is the value of these phantom units?

The wording of this paragraph is not clear to me. Does the value of the Phantom Units equate to 0.25% of the FMV, or do they equate to 0.25% of 10% of full FMV? The number of Phantom Units granted ...
2
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1answer
123 views

Need help negotiating a salary agreement with my boss [closed]

I'm a college student who is interning at a startup company. My job as an intern is to help redesign and launch an app, so that it runs on Android as well as iOS. When I signed up for the job I was ...
1
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2answers
270 views

What does this passage in my lease contract mean? [closed]

In my lease for an apartment that I am renting it says: You are giving up certain important rights. You are waiving your right to have a Notice sent to you before the Landlord starts a court ...
0
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1answer
209 views

Endorsed cheque [closed]

I am trying to understand the underlying contract of an endorsed cheque a bit better, and would love to know how the liabilities are determined in the following situation: Alice writes a cheque to ...
68
votes
11answers
38k views

Rent cheque was stolen from landlord - am I obligated to pay again?

I live in Quebec, and my rent cheque was stolen from my landlord as they travelled to the bank to deposit it. They've asked me to stop payment on the cheque, and provide them with a new one. The ...
5
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3answers
186 views

Credibly Commit to Charity Matching? [closed]

Edit: Thank you all for your answers, I consider this issue resolved! The answer appears to be that there is no easy or universal platform that enforces charity-matching commitments, but that ...
7
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2answers
320 views

Estate agent wants to charge a large amount to change the contract

I live with two other people in a house share in the UK. One is moving out, and the estate agent who handles the contract wants to charge us £300 for the pleasure of changing a name. We think this is ...
1
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1answer
54 views

I need help understanding what 'net of required taxes' means

In this contract what does net of mean? is it the amount after or before taxes? Award – Cash awarded to a Participant under the Program, net of all required federal and state withholding taxes, due ...
1
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2answers
118 views

Is this a viable business plan to secure me real estate?

I'm asking here if this is a viable/likely option for me. To put it shortly, I don't make enough money to put a down payment on any house. I am looking for a silent investor who is willing to agree to ...
0
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2answers
46 views

Is a real estate attorney needed for builder deposit contract?

I am in the market for a new house and my agent recently showed me a new construction that is only about halfway completed.The builder is financing the construction and he said he can "hold" the house ...
2
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3answers
200 views

Is it possible to incur closing costs before closing on a home, by backing out of contract too late?

Someone I know is purchasing a home and has already gone through the inspection, commitment period and all. While waiting on the lender and lawyers to get everything ready for closing, this buyer ...
4
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2answers
377 views

How are option contracts enforced?

Option contracts (this question also applies to futures) on exchanges are required, legally, to at least put an option margin of 50% to cover some collateral. However, if things go as expected for the ...
0
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1answer
80 views

Question about Snowball, Target Redemption Forward [duplicate]

What is a snowball? What is a target redemption forward?
2
votes
1answer
3k views

Why is a month to month fee listed on my 12-month apartment lease?

I'm currently in the process of signing an apartment lease. As I was going through the terms, I noticed this: In addition to my "Rent Due Monthly" there is a listed "Month to Month fee". Now, my ...
0
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1answer
409 views

Can a smart contract work based on fiat currency? [closed]

Can a smart contract work based on fiat currency? What kind of transactions can be facilitated by smart contracts? are they only open to electronic goods, or can transactions of physical goods also be ...
1
vote
1answer
568 views

Backing out of real estate contract as buyer

Several days ago, I signed a contract agreeing to purchase a house; however, since then I had a change of mind due to: structural problems with the house changing my mind on my personal finances. To ...
3
votes
4answers
1k views

How do Inspection Contingencies work if the seller offers to fix the problem?

We made an offer on a house and the seller accepted it. Now we did a Home Inspection of the house, and we found that it had unacceptably high Radon levels. The seller has offered to install a Radon ...
1
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3answers
470 views

Sell a domain name with equity contracts?

I have a few domain names I want to sell. Because some of them have an extremely high potential to earn the buyer big money when turned into a prosperous, profitable business, I've thought about ...
6
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1answer
276 views

Does a home buyer have any protection against the seller breaking the contract?

I'm somewhat familiar with the process of buying a house in the United States and I imagine the process is similar in other countries. Normally, the would-be buyer deposits some "earnest money" with a ...
10
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3answers
6k views

Is it standard practise for rent to increase in line with the RPI?

UK based, South East specifically, but not London. I have a rental contract which specifies the rent will increase yearly in line with the RPI, minimum 3% and maximum 7.5%. I'm not sure if this is ...
7
votes
3answers
3k views

Is it practical to take actual delivery on a futures contract, and what is the process?

Usually people trade futures speculatively, ie. they buy and sell contracts without actually delivering the goods. However, technically the futures are contracts for delivery of a certain amount of ...
5
votes
3answers
243 views

Clarifying a phrase on a rent agreement

Consider the following sentence: "For the period from Tenant's move-in date, _________, through the end of the month, Tenant will pay to Landlord the prorated monthly rent of $1200." Does this mean ...
0
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1answer
1k views

Notice period calculation as an employee in the UK [closed]

As an employee I have a notice period of one week. If I hand in my notice on Wednesday, will my last day at work be the next Wednesday? Or the next Tuesday?
1
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2answers
104 views

Does a SIM only cell phone contract help credit rating?

I have been told that cell phone contracts are sometimes a way to improve one's credit score. This makes sense to me as a phone contract involves a commitment to pay monies at a regular interval, ...
3
votes
1answer
2k views

How to respond to a customer's demand for payment extension?

I have a client who wants to purchase an artwork. After three weeks of questioning about my artwork finally he is convinced to buy it. I have offered him discount after his multiple request and 15 ...
2
votes
1answer
79 views

What is the procedure for forcing a buyer to close escrow on required date?

I'm in contract for my home, the buyer has removed all contingencies. For various reasons, I wish to close by the agreed date, or cancel the contract. I understand that even if the close-of-escrow ...
1
vote
1answer
395 views

Why are profit/loss constantly adjusted in futures contracts if the goal is to protect against volatility?

In this article: http://www.investopedia.com/university/futures/futures2.asp?header_alt=g In the chapter "Profit and Losses-Cash Settlement", the author describes that profit and loss are governed by ...
0
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1answer
88 views

Direct from manufacturer auto purchase? Smart? Dumb? Possible?

Read this article recently, and I thought of trying to purchase direct from the manufacturer. The vehicle I want has a facility here in the United States (outside my state), and I just wonder if I ...
0
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2answers
1k views

Is It Possible to Get Out of an Apartment Lease?

My daughter is in a bad situation and I need advice. She recently moved into a new apartment near school. There were a lot of problems, she doesn't feel safe, and wants to move out. But her lease ...
1
vote
1answer
128 views

Hedging your personal assets

I have been recently reading about how derivative instruments (options, forwards, future contracts) are used to protect your securities. I started wondering if its similarly possible to hedge your ...
0
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3answers
91 views

BRENT/WTI Oil Contract Futures

Every contract that is about to expire always seems to be more expensive to buy than contracts expiring at a later date. For instance, the Sep15 contract is currently priced higher than the DEC15 ...
1
vote
1answer
114 views

What can I do when a vendor goes into administration before delivering everything I've paid for?

My son took out a loan to pay for a a course, the course provider has now gone into administration. My son is still paying for the loan for a course he cant access. My question is - has he any redress,...
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6answers
1k views

Landlord retracts email offer of lease (Michigan, USA): What recourse do I have?

I rented a room (Michigan, USA) and stayed there from Jan to June 2014. The entire agreement was done through email, including 'signing' a lease (there was no actual signature, the landlord and I ...
2
votes
2answers
198 views

Verizon and I disagree about the duration of a contract. Do I have any recourse?

A little less than a year ago, I purchased an iPad with service from Verizon Wireless and getting what I was told was a one-year contract for $100 off of a device of just under $1000 of the price. (...
1
vote
1answer
186 views

Are all sellers required to comply with the FTC's Cooling-off rule?

I live in Texas, but the Texas rules seem to mirror the US CFR in this instance. Under 16 CFR Part 429 (and Texas Business & Commerce Code Section 39), there is a so-called FTC Cooling-off rule ...
1
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1answer
2k views

How to calculate amortization table with pro-rated first month

From what I understand, banks prefer to have loan payments due on the 1st of the month. To that end, if you close on a property on, say, the 15th, they will charge you a pro-rated payment to get you ...
2
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2answers
899 views

What amount will I get back if I hold a bond to maturity?

If I hold a bond to maturity, then on day of maturity, will I get back: The price of the bond at maturity? or, The price I paid when I bought the bond? or, The par value of the bond? My guess is #1, ...