Debt Articles
Locate the Statute of Limitations for your State | Locate the Statute of Limitations for your State | | Print | |
|
ORAL CONTRACTS- These Contracts are usually formed when you enter into a Oral or Verbal Agreement to have services performed or where you agree to provide services for others. They are commonly referred to as a hand shake agreement because they are not put in writing. WRITTEN CONTRACTS- A General written Contract to provide or receive services. This type of agreement specifys the terms in which you agree to abide by. PROMMISORY NOTE- A commonly used form of Contract that provides additional terms of payment schedule and interest terms. This is normally used in a Real Estate Transaction, or Bank Loan. OPEN END ACCOUNT- This type of Contract or agreement involves Credit Cards or other revolving lines of Credit. Compared to other forms of Contracts that provide one time purchases, Open End Accounts always remain open and allow for additional purchases to be made.
Add as favorites (0) | Quote this article on your site | Views: 1366
Only registered users can write comments. Powered by AkoComment Tweaked Special Edition v.1.4.2 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| < Prev | Next > |
|---|