Financial and Consumer

Leases should be treated just like contracts. They are enforceable and will obligate you to the terms of any signed agreement. Generally, there are two types of leases: "open end" leases and "closed end" leases.

Open end leases:

What is a Warranty? Warranties are guarantees made usually by manufacturers or service companies which may describe the terms by which services, repairs, replacement, or maintenance will be conducted should any such work be necessary.

In order to hide assets from the bankruptcy court, transfers to other parties are often contemplated. If you understand the legal system mindset that often catches people unfamiliar with the proceedings off-guard, you will understand and avoid pitfalls of trouble.

Who pays for undelivered goods? Consider the typical situation where you ordered goods by telephone from a mail order catalog. Or, you ordered goods from a local store. In each case, you were required to pay in advance of receiving the goods.

There are certain rules and procedures, which must be followed when you get to court. First, both sides should appear at the proper place at the proper time and respond to the clerk when your case is called.

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