My Mechanic Mentioned A Service Contract, What Is That?
Many vehicle dealers and others sell optional service contracts. Vehicle manufacturers or independent companies issue these contracts. Not all service contracts are the same; prices vary and …
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What Is A Service Contract?
Service contracts that you may buy with a new car provide for the repair of certain parts or problems. These contracts are offered by manufacturers, dealers, or independent companies and may or …
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What Happens When a Contract is Broken?
A contract is a legally enforceable agreement between two or more parties. So, how do you enforce it if it is broken by one of the parties? That depends on how exactly the party breaches the contract. A minor, or nonmaterial, breach of contract entitles the non-breaching party to actual damages suffered. Therefore, if your mechanic used a different brand of oil that was of at …
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Common Contract Terms Explained
In every contract there are invariably a slew of legal terms and conditions that, regardless of the contract’s purpose, go unchanged and often unchecked by the contracting parties. These terms and conditions are often referred to as the contract’s “boilerplate” language. Most people don’t give these sections a second thought, and it’s typically a …
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