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Voetstoots clause
Voetstoots clauseA clause used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands." RELATED TERMS-------------------------------------- Clause Contracts. A particular disposition which makes part of a treaty; of an act of the legislature; of a deed, written agreement, or other written contract or will. Seller Contracts. One who disposes of a thing in consideration of money; a vendor Contract A negotiated oral or written agreement setting forth the terms for an exchange of value between parties (which may be individuals or companies) and under which each party promises to perform an obligation. Certain terms, such as the obligations to be performed and the terms for setting price or compensation must be mutually understood, known in legal lingo as a "meeting of the minds," and promised to by the parties to form a legal contract. Sale Contracts. An agreement by which one of the contracting parties, called the seller, gives a thing and passes the title to it, in exchange for a certain price in current money, to the other party, who is called the buyer or purchaser, who, on his part, agrees to pay such price. SIMILAR TERMS-------------------------------------- Voetstoots term A term used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands." PREVIOUS AND NEXT TERMS-------------------------------------- Veil of incorporation The veil of incorporation is a the principle that a company has a legal personality and existence which is separated from its members and officers. Voetstoots term A term used to protect a seller in a contract of sale against defects he does not know about. It means "as it is" or "as it stands." Voetstoots clause We thank you for using the Juridical Dictionary to search for Voetstoots clause. If you have a better definition for Voetstoots clause than the one presented here, please let us know by making use of the suggest a term option. This definition of Voetstoots clause may be disputed by other professionals. Our attempt is to provide easy definitions on Voetstoots clause and any other medical topic for the public at large.
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