Rewritten contract backdating
ASFA’s single document rule provides that the total cost and terms of payment of a sale must be set forth in one document – the retail installment sale contract.
The Raceway plaintiffs contended that one would be required to resort to three documents – the first contract, the Acknowledgment of Rewritten Contract, and the second contract – to ascertain a sale’s total cost and terms of payment.
This should cover the majority of cases that come across corporate counsel’s desk.
For those instances where a document is intended to take effect retroactively, you should: This entry was posted on March 6, 2009 at am and is filed under Uncategorized.
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While many car dealers and salespeople are honest and ethical, the auto sales industry reputation for high-pressure sales and shady tactics is not entirely undeserved.
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The Court considered the construction of the whole policy and held that the exclusion clause took effect on the backdated date chosen by the parties.
The company attempted to impede the unionization by hiring additional employees that were against the union.
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Depending on the precise type of auto fraud, you might have a valid legal claim against automakers, service contract companies, car dealerships, finance companies, and extended warranty companies.