Contingency Rules In Collin
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(a) "Contingency," as used in this subpart, means a possible future event or condition arising from presently known or unknown causes, the outcome of which is indeterminable at the present time.
The contingent period usually lasts anywhere from 30 to 60 days. If you have a mortgage contingency, the buyer's due date is usually about a week before closing. Overall, a home stays in contingent status for the specified period or until the contingencies are met and the buyer closes on their new house.
The contingency period typically lasts 30 days, but it varies by state. If you're buying a house, your agent will help you navigate all of this—especially if there are any contingencies on your end that need to be met before moving forward with a transaction.
A real estate contract with no contingencies does not have any clauses that outline specific requirements that must be met for the deal to go through. These purchases may close more quickly, but they also provide less protection in case something goes wrong.
The contingent period usually lasts anywhere from 30 to 60 days. If you have a mortgage contingency, the buyer's due date is usually about a week before closing. Overall, a home stays in contingent status for the specified period or until the contingencies are met and the buyer closes on their new house.
A guarantee obligation is an example of a contingent obligation. Under the terms of the guarantee, the guarantor assumes liability for all guaranteed obligations, but its liability to make payments is conditional.
Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.
The contingency rules theory assumes that: (I) compliance-gaining and com- pliance-resisting activities are governed antecedently by jive varieties of sev- evaluative and adaptive contingency rules; (2) the actual contexts where social influence agents interact determine the configuration of rules governing their ...
A contingency clause should clearly outline the conditions, how the conditions are to be fulfilled, and which party is responsible for fulfilling them. The clause should also provide a timeframe for what happens if the condition is not met.
Adjective. dependent for existence, occurrence, character, etc., on something not yet certain; conditional (often followed by on or upon ): Our plans are contingent on the weather. liable to happen or not; uncertain; possible: They had to plan for contingent expenses.
