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Cancellation Of Contract Upon Inspection Of Transacted Item
If a buyer purchases an item without having first seen it, he is entitled to return it upon physical inspection without delay, whether provided for in the contract or not, even if the item is not of low or defective quality; particularly relevant in cases where delivery occurs considerably later than the finalization of the contract (e.g. mail-ordered purchases); If a seller sells an item without having first seen it, he is not entitled to demand it back, though the buyer is still entitled to return it upon inspection; If physical inspection proves satisf...
 
Canceling Contract Unilaterally
Unilateral cancellations are only permissible if both parties mutually agree beforehand that either par...
 
Waiving Payment For Transaction
The party that undertakes the monetary risk associated with a transaction,...
 
Canceling Contract By Mutual Agreement
Under all circumstances, transactions may be can...
 
Canceling Contract Due To Over-Pricing
If the difference between the market price and the transaction price is substantial enough at the time of payment, the transaction may be cancelled by the buyer. Though jurists...
 
Joining Two Contracts
It is permissible to join two separate contracts (even if they are related) into one (e.g. a home ...
 
Cancellation Of Contract On Basis Of Time
Both parties may agree in the contract that either party may cancel the transaction...
 
Cancellation Of Contract Based On Quality Of Product
Products found to be of low or defective quality (such that their quality is below what is purported to be the case or what is customarily considered acceptable, and its usefulness is negatively affected thereby) are returnable (immediately upon discovery of the unsatisfactory quality) within a specified amount of time after delivery, assuming the low or defective quality existed at the time of the transaction but was not disclosed. "Discovery of unsatisfactory quality" means that the item is seen (e.g. land), and if necessary, used (e.g. car) or consumed (e.g. food), in a manner customary to it before determining its quality. If the defe...
 
Cancellation Of Contract Of Employment
Where one party (employer) hires another party (employee) to perform a service, either party is entitled to cancel the contract at any time, though if the employer cancels the contract after t...
 
Permissible Conditions In Contract
Besides the permissible pre-agreed conditions that exist in a typical contract, the following conditions are also permissible: • Condition of Payment: Where a good or service will be delivered according to payment; • Condition of Receipt: Where a payment will be made according to delivery of some good or service; • Condition of Collateral: Where a specified good secures the underlying price of a contract; • Condition of Guarantor: Where a specified individual becomes legally obligated to ensure p...
 
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