Nebraska Accounts Receivable - Contract to Sale
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How to fill out Accounts Receivable - Contract To Sale?
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For written contracts, the statute of limitations is five years. (Refer to §25-205.) For oral contracts, the statute of limitations is four years.
Subject-matter of Contract (1) The goods which form the subject of a contract of sale may be either existing goods, owned or possessed by the seller, or future goods. (2) There may be a contract for the sale of goods the acquisition of which by the seller depends upon a contingency which may or may not happen.
The subject matter is the goods or services that one party provides and the other party pays for. If the subject matter is illegal, the contract will not be valid. All terms of your contract must not contravene any federal or state law.
The Act in Section 4(3), defines what an agreement to sell is. The section 4(3) of the sale of Goods Act defines it as, ?where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell.?
No action at law or equity may be brought or maintained attacking the validity or enforceability of or to rescind or declare void and uncollectible any written contract entered into pursuant to, in compliance with, or in reliance on, a statute of the State of Nebraska which has been or hereafter is held to be ...