There are several elements associated with creating a legally binding contract that can be maintained with the courts. The parties who sign a contract may or may not be involved in drafting the contract. Often, both parties negotiate the terms of a contract until all the terms are agreed. In many cases, a supplier may have a standard contract…
In the past, you applied for a home loan from a bank, and that bank held your promissory note and deed to secure the debt until the day the loan was finally repaid in full. Now it is common for banks to buy and sell home loans. Your ticket and deed may be sold, transferred or assigned at any…
On 2 August 2019, the Federal Supreme Court declared that certain contractual terms between Mitolo or Maranello and potato growers concluded between December 2016 and February 2018 were unfair contract terms and therefore void. The contract terms declared unfair included terms that allowed Mitolo to unilaterally determine or change the price Mitolo paid to farmers for potatoes, unilaterally change…