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Propertizer Form
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What is a Propertizer?
CFLR Propertizer is a property division software that easily divides community assets and debts. This program: Calculates each item's equity when you enter its fair market value and any encumbrances. Assigns each item to either or both parties in any proportion. -
What is performance of a real estate contract?
Specific performance is a remedy in contract law that is most often applied in real estate litigation and disputes where a court issues an order requiring a party to perform a specific act, and to specifically perform ing to the terms of a contract. -
What is an example of a performance of a contract?
Actual performance gives a discharge to the contract and the liability of the promisor ceases to exist. For example, A agrees to deliver10 bags of cement at B's factory and B promises to pay the price on delivery. A delivers the cement on the due date and B makes the payment. This is actual performance. -
What is sufficient performance in real estate?
That an enforceable contract exists between the parties; Adequate consideration (i.e., payment); The plaintiff' performed his/her/its part under the contract, or has a valid excuse for nonperformance; The defendant bsignNowed the contract; and. Proof that damages or another remedy at law are insufficient. -
What does performance mean in real estate?
Specific performance is a remedy in contract law that is most often applied in real estate litigation and disputes where a court issues an order requiring a party to perform a specific act, and to specifically perform ing to the terms of a contract. -
What is an example of performance in real estate?
For example, a contract for the sale of a specific piece of property, from which the owner pulls out, may result in a specific performance order requiring the seller to complete the sale to put the buyer in the position they would have enjoyed if the contract had been honored in the first place.
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