Questions tagged [escrow]
11 questions
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How does a bail bondsman provide bail bond payment to a court?
In reading this question: Difference between bail and bail bond?, it raises the question in my mind on how a bail bondsman pays the court for a specific bail bond instance. They obviously are well versed in this process, and probably do bail…
Milwrdfan
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What is the liability of an escrow agent who failed to do his job?
This question is a followup to this question regarding a failed. building purchase.
The seller's attorney had agreed to be the escrow agent for the transaction. That is, he was supposed to receive the purchase price, X from the buyer, an amount Y-X…
Libra
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What marks the closing of an equity financing?
Years ago, as an angel investor, I invested in a startup company via a convertible note. The note converts on the closing of certain equity financing events.
So what determines the closing of an equity financing? Can the company and investor assert…
ma11hew28
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Paying back money from purchase in an agreement that does not mention a timeline for the condition of the money given
My sister bought her home a little over a year ago. During the home inspection she found that the roof only had 2-3 years left of life. The seller agreed to cover half the cost of the roof and left her money in escrow for the roof repair. Fast…
user25884
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If a stakeholder steals escrow/deposit in land sale contract, is the seller obligated to refund the deposit?
In a more drastic case, if in a Sale and Purchase Agreement, the vendor authorizes the purchaser's solicitor as the escrow/stakeholder to receive not just the deposit but the purchase price on his behalf (required by law), and the contract states…
Ryan
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Can a person sign a contract committing to never taking an ex-spouse to Family Court?
Can a person sign a contract committing to never taking an ex-spouse to Family Court?
For example, as part of a divorce agreement, my (soon to be) ex-spouse wants me to put money aside in escrow that my ex can use in the event that I open up a case…
Curious1
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Are business expenses put into escrow by a freelance marketplace deductible before they are released from escrow?
Say that a U.S. person is a sole proprietor, and pays a contractor to do some work to support his business. This would normally count as a business expense, deductible on the U.S. person's taxes. But the contractor is hired on an online freelance…
Gabriel
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How is "simultaneity" in transactions achieved, and when is it necessary?
I can think of two ways. One is to have everyone connected, either physically (in the same room) or electronically, via e.g. Zoom, to execute their documents. A second way might be to have different people execute their documents on different days,…
Libra
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How/when do the parties know that a contract is a "go?"
This is a followup to this question, in which the seller's attorney was tasked with tracking the fulfillment of four preconditions that needed to be cleared. Is the lawyer supposed to give an "all clear" signal after his tracking shows that all four…
Libra
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How does a stakeholder know when to release funds?
If a stakeholder (who is holding funds $) request mediation as a step toward resolving a dispute between 2 parties, how would that stakeholder know if the issue was actually resolved or not? Specifically, how would they know whether or not to…
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Question About Interpleader and Stakeholder
Can a stakeholder (holding $) skip mediation and file interpleader if a dispute arises between 2 parties??