Imp of foll words in agreement

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 May 2012 WHAT IS THE iMPORTANCE OF THE FOLLOWING THE WORDS IN THE AGREEMENT
1.EARNEST MONEY
2.PART PAYMENT
3.ADVANCE PAYMENT

TOWARDS THE PROPERTY

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

03 May 2012 A property is for sale. Bids are invited publicly say upto 21/05/2012. Earnest money is the money deposited by the intending buyer with the vendor. On 21/5/2012, the bids are opened and the tender is allotted to your client. The transaction to be executed on say 09/07/2012. EMD will stand converted to advance payment till execution of document. Part payment is the partial payment; if any, made after the execution of document.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

divakar podaturu

SHRI HARIRAO

Dalbir Singh Wadhera

Rajesh Surapaneni

Sandeep Ranjan

Subscribe Now

Imp of foll words in agreement

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

Accountant

Article Assistant

CA Final