District of Columbia Assignment of Bank Account
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How to fill out Assignment Of Bank Account?
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Written for $1,000 or less, it could be a misdemeanor with a possible penalty of up to 180 days in jail or a $1,000 fine. Written for $1,000 or more, it could be a felony with a possible penalty of one to three years imprisonment or a fine of up to $3,000.
If you delegate duties, responsibilities, or power to someone, you give them those duties, those responsibilities, or that power so that they can act on your behalf.
For example, the general contractor may delegate the duty to perform electrical work to an electrician, as well as assign the right to be paid for the work performed. In delegation and assignment, the original contracting party is not ?off the hook? if it transfers its duties or rights to another party.
Spe·cif·ic performance 1 : the complete or exact fulfillment of the terms of a contract, promise, or obligation.
Actual performance gives a discharge to the contract and the liability of the promisor ceases to exist. For example, A agrees to deliver10 bags of cement at B's factory and B promises to pay the price on delivery. A delivers the cement on the due date and B makes the payment. This is actual performance.
(1) A party may perform his duty through a delegate unless otherwise agreed or unless the other party has a substantial interest in having his original promisor perform or control the acts required by the contract.
