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The “on or about” language is generally interpreted to mean that both parties are afforded a “reasonable adjournment” of the closing date. In the Hudson Valley region, most attorneys interpret “on or about” to mean that either party has thirty days beyond the closing date in the contract to complete the transaction.
What does on or about mean in legal terms?
For purposes of the pleading requirement that a petition must give fair and adequate notice of the facts forming the basis of a claim, the term “on or about” means a date of approximate certainty, with a possible variance of a few days.
What does on or about mean in NY real estate?
Most New York real estate contracts will include “on or about” language for the closing date, such as “on or about March 1, 2020.” This is because the courts have interpreted the “on or about” date to mean that both sides of the transaction have a right to a reasonable amount of time to close the transaction.
What does and/or mean in a legal document?
And/or, however, is not ambiguous at all. It has a definite, agreed-upon meaning: when used properly, the construct means “A or B or both.” In most areas of law, there simply is no compelling reason to avoid using and/or. The term is clear and concise.
What is its on a legal document?
NAME OF COMPANY SIGNING THE CONTRACT The word “Title” or the word “Its” is where the person signing puts the name of his or her position with the company the he or she represents.
What you’re on about meaning?
If you ask someone what they are on about, you are asking that person, often in a slightly annoyed way, what they mean: I dunno what you’re on about. SMART Vocabulary: related words and phrases. Meaning & significance. add.
What does on or after mean?
On or After Date means the earliest date an offender may be released on discretionary parole.
What does on or about mean in real estate?
The “on or about” language is generally interpreted to mean that both parties are afforded a “reasonable adjournment” of the closing date. In the Hudson Valley region, most attorneys interpret “on or about” to mean that either party has thirty days beyond the closing date in the contract to complete the transaction.
What does on or before closing date mean?
However, the addition of the phrase “on or before” only allows a change to the provided date by agreement of both parties to the contract. If either party does not agree to the earlier closing date, then the earlier closing does not occur.
What does on or around mean?
Near; approximately; without significant variance from an agreed date.
Do you say on the contract or in the contract?
The contract is made up of words that are written in it. If asked to sign a contract (that was already written), I would place my signature “on the contract.”Aug 25, 2014.
What does it mean when something says and or?
And/or (sometimes written and or) is a grammatical conjunction used to indicate that one or more or all of the cases it connects may occur. It is used as an inclusive or (as in logic and mathematics), while saying “or” in spoken language, or writing “or”, might be inclusive or exclusive.
What is a better way to say and or?
You’d be hard pressed to find a style guide that doesn’t admonish you to drop “and/or” and choose either “and” or “or.” In writing either and or or is usually adequate. If a greater distinction is needed, another phrasing is available : X or Y, or both. It is more common in technical,business,and legal writing.
What is the by line on a contract?
“By” is where a person or representative of a company must sign. “Name” is the name of the person or entity signing the contract. “Title” applies to a person acting on behalf of a company or as a representative of someone else. Name: John Smith.
What does its and by mean on a contract signature line?
The Its Signature Line or By and Its Signature Line refers to the place on a signature block where the person signing will put his or her position in the company or representation capacity.
What does by mean on a form?
It is to indicate the agency capacity in which the person is signing the form. In other words if your business is a corporation and your husband is president, he would sign his name the ,President.
What does go on about mean?
DEFINITIONS1. to keep talking about someone or something, especially when other people think it is boring. She’s always on about her children. Synonyms and related words. To talk continuously and too much.
What your on about?
If you ask someone what they are on about, you are asking that person, often in a slightly annoyed way, what they mean: I dunno what you’re on about.
What someone is on about?
Definition of ‘know what sb is on about’ If you say that someone knows what they are on about, you are confident that what they are saying is true or makes sense, for example because they are an expert. It looks like he knows what he’s on about.
Is about a preposition or not?
About can be used in the following ways: as a preposition (followed by a noun): He told me about your problem. as an adverb (without a following noun): Stop rushing about.
What type of part of speech is about?
In the English language, the word “about” has multiple purposes. It can be used as a preposition, an adverb, or an adjective. This word can be categorized as a preposition when it is used to indicate movement to a specific location, or, the subject of something written or spoken.
Why do we use as?
We use as to introduce two events happening at the same time. After as with this meaning, we usually use a simple (rather than continuous) form of the verb: As the show increases in popularity, more and more tickets are sold daily. When you get older, moving house gets harder.
How long does it take from contract to closing?
Buyers who use conventional financing to purchase a home can expect to close 30-45 days after the contract is signed. Special loans, such as first-time home buyer programs, VA and FHA loans can take longer to close because the requirements are stricter.
What if buyer delays closing?
Back Out of the Sale Unless your sales agreement grants automatic extensions or sets an “on or about” closing date, you’re out of contract if the closing date passes without a closing or a signed extension. With no contract, you’re free to walk away — and you may be entitled to the buyer’s earnest money deposit.
Who picks the closing date on a house?
In most cases, the buyer chooses a tentative closing date and makes it part of the offer. The contract usually states that closing will occur “on or about” that date.
