While it may seem good not to have a mortgage, land contracts generally have less protection for buyers than mortgages. Land contracts usually involve private sellers, not a bank or other financial institution. A land contract should describe what buyers and sellers should do. It also states what will happen if a party violates...Read More

· Through “prior transactions between the parties, it is reasonable for the target recipient to notify the Bidder if it does not intend to accept.” [37] The contract did not contain any provision on delivery or time of shipment. The court held that, since the parties had not indicated at the time of the...Read More