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  2. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible ...

  3. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    This time, usually just a few days, gives either party the chance to back out of the contract if their lawyer notices a problem. Coming to a mutual agreement: In some cases, simply asking the ...

  4. Estoppel certificate - Wikipedia

    en.wikipedia.org/wiki/Estoppel_certificate

    Estoppel certificate. An Estoppel Certificate (or Estoppel Letter) is a document commonly used in due diligence in real estate and mortgage activities. It is based on estoppel, the legal principle that prevents or estops someone from claiming a change in the agreement later on. [1] It is used in a variety of countries for commercial and ...

  5. Can you back out of a house offer once it’s been accepted?

    www.aol.com/finance/back-house-offer-once...

    A standard real estate contract typically comes with a number of contingencies — these are the conditions that must be met in order for you to move forward with a home purchase. This includes a ...

  6. Guide to closing on a house: What to expect during the ... - AOL

    www.aol.com/finance/guide-closing-house-expect...

    3. Run a title search. Run a title search on the property you are purchasing early in the closing process. A title search will bring up any issues with or claims against the home, such as a ...

  7. Force majeure - Wikipedia

    en.wikipedia.org/wiki/Force_majeure

    In contract law, force majeure [1] [2] [3] (/ ˌ f ɔːr s m ə ˈ ʒ ɜːr / FORSS mə-ZHUR; French: [fɔʁs maʒœʁ]) is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic, or ...

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