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How to Bring Together Period Contract For Free

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The video tutorial provides information on seller finance contracts for real estate deals, explaining the necessary paperwork and offering a seller finance contract template for viewers to use. The host shares their personal experience with creative financing due to limited funds and credit, emphasizing the importance of creative financing in real estate investing. Viewers are encouraged to subscribe to the channel for more content on creative financing and real estate investing.

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What are the 5 parts components of a contract?

The 5 elements of a legally binding contract are made up of: An offer. Acceptance, Consideration. Mutuality of obligation. Competency and capacity.

How do I pay interest under section 50 of GST?

Interest is paid on GST liability deposited late on the unpaid tax at 18% p.a. for the period on the tax amount or any part that remains unpaid. Further, an assessee who makes: Delay in depositing GST. Makes short payment of GST.

How do you put together a contract?

Write the contract in six steps Start with a contract template. Open with the basic information. Describe in detail what you have agreed to. Include a description of how the contract will be ended. Write into the contract which laws apply and how disputes will be resolved. Include space for signatures.

Under what circumstances the contract is said to be free?

In the Indian Contract Act, the definition of Consent is given in Section 13, which states that it is when two or more persons agree upon the same thing and in the same sense. So the two people must agree to something in the same sense as well. Lets say for example A agrees to sell his car to B.

When the concept to the contract is not free?

*When there is no consent, there can be no contract at all and the agreement will be considered void. *When there is consent but not free consent, the contract is considered voidable at the option of the party whose free consent was not taken.

What are the 7 parts of a contract?

For a contract to be valid and recognized by the common law, it must include certain elements offer, acceptance, consideration, intention to create legal relations, authority and capacity, and certainty. Without these elements, a contract is not legally binding and may not be enforced by the courts.

What do you mean by free contract?

In economics, free contract is the concept that people may decide what agreements they want to enter into. A contract may be described as free when it is free from force or fraud.

How do I pay interest on late GST payment?

There is a delay of 10 days in payment of GST. Net Tax Liability = INR 1,00,000 INR 20,000 = INR 80,000. Interest payable = INR 80,000*18%*10/365 = INR 395.

How do you reply to DRC 01A?

How Should a Taxpayer Reply to a Notice Like This on Form DRC-01A? A taxpayer can utilise the second section of Form DRC-01A, Part B, to inform the officer if he has made part-payment of the ascertained responsibility or if the liability is unacceptable to him after receiving notice in Form DRC-01A.

Under what circumstance a contract need not to be performed?

As per the Contract Act, the circumstances under which contracts need not be performed are as follows: If parties to a contract agree to Novation, Rescission or Alteration; the original contract need out be performed. In such cases the original contract disappears and is substituted by a new contract.

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