Loop Hole in a Contract

You re presented with a legal document, to sign:

You spot a slight error, scrambling the whole contract

Do you tell or not...?

wink
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Comments (11)

I'm always wary of contracts because they are lawfully binding for whatever is inclusive in them and until I sign on the dotted line I'm not obliged to be held accountable, no one in the UK has signed any documents for TV license or council tax and therefore we are not obliged to pay for them and water charges and PCN notices are the same only when we are sent letters demanding payment we assume we must pay them, absolutely not, we are not obliged to pay for any of these, without a signed contract they are ALL unlawful.
13...
You live in a very forgiving country...
Yes you do tell. The error could make the contract void if something happens later on that the error could have prevented.

And, if it's proven that you knew about the error and didn't tell you might find yourself in court.
Hey, FAE. They call themselves professionals, but many barely can write a coherent sentence. (Real)Estate agents. More than once, I tried to rely on these cretins for a real estate transaction. Here in the USA we have what is called a Purchase and Sale agreement, initially binding both interested parties, with various contingencies. Repeatedly, there were a number of important errors in the text of the document. So now I prefer to deal directly with the owner/buyer myself, using an attorney to handle the paperwork. Usually safer and much less costly and certainly less annoying.
Also, if you don't tell someone of the mistake in the contract and you sign it you could be sued for breach of contract. That could be very costly to you.
I never signed a contract agreeing to be blocked, 13. scold
If you didn't point out the mistake then you would be liable for any interpretation used against you in a court of law.
Only an idiot would sign such a contract.

In all circumstances when presented with a contract that you must sign, read it carefully and if you have the slightest doubt, do not sign. Get the other party to clarify the point in question and only when you are fully satisfied can you sensibly sign.

Oh, this does not apply to contracts from Asian countries, especially China. As they have a habit of rewriting the contract after you have signed, thus making it a different contract and one you may not have signed originally.
Secret...

It is a question of:

DO YOU HAVE A CONSCIENCE...

Some will see it s a game, who is brighter...
Others will not sleep that night...
Another will figure out what they can make out of the situation (most people)
HE and 13...

Behave yourselves...
So now I prefer to deal directly with the owner/buyer myself, using an attorney to handle the paperwork.

Whether you are a buyer or a seller, you should never sign anything related to a real estate purchase or sale without an attorney reviewing the document first.

As long as you stick to that there is no reason not to deal with a real estate agent. Often, you can get more money (even after commissions) if you use an agent to sell since they have a bigger pool of buyers than you can attract, and more marketing experience. And as a buyer you may have no choice but to deal with an agent if the seller is using one.
I hardly ever do contracts, the latest being buying this house. There my personal Lawyer and friend, went through it with a fine toothcomb, and I just had to pay all the costs:

Bank fees x 2

and the house was in my name 2 months later...

We have been making Major and Minor changes ever since...
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by ForeverAndEver3
created Dec 2019
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