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a binding contract that will subsequently be put into a more formal document; usually referred to as. an agreement of purchase and sale in a. real estate transaction. subject to clauses. The contract is subject to certain conditions set out in the contract. An example would be a condition on the purchase of a house.
no gift card or gift certificate can expire for ______ after its purchase. 24 months. A retailer may impose a "dormancy fee," not to exceed ______ per month, after 24 months. $2. A dormancy fee cannot be imposed within _____ months following the date of sale, or within______ months immediately following the most recent activity in which the ...
Presentment Warranty. an implied warranty A person who presents an instrument for payment or acceptance impliedly makes three warranties relating to good title, no alterations, and no unauthorized signatures. (1) he or she is authorized to accept or retain payment (2) instrument has not been altered (3) he or she has no knowledge that the ...
The law uses the term “ prepaid purchase card” and defines it as “a card, written certificate or other voucher or device with a monetary value that is issued or sold to a person in exchange for the future supply of goods or services to a consumer, and includes a gift card and gift certificate”. Read the Prepaid Purchase Cards Regulation.
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Apr 15, 2024 · Some states have passed laws that regulate gift cards. Under this federal law, general-use prepaid cards, gift certificates, and store gift cards must be good for at least five years from the date purchased or from the last date any additional money was loaded onto the card, depending on the type of card. Fees for non-use (called “inactivity ...
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Jun 22, 2024 · Expiration Dates: Gift cards cannot expire for at least five years from the date of issuance or the date when funds were last loaded onto the card, whichever is later. Disclosure Requirements: Card issuers must clearly disclose the terms and conditions of the gift card, including any fees and expiration dates.