Getting out of the bond???

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mrsbitchy
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Joined: Fri Mar 21, 2008 6:54 am

Re: Getting out of the bond???

Post by mrsbitchy »

A contract usually includes some kind of amortization for the agreed upon amount. If the ‘contract’ is disputed in court and deemed to be null and void, the ‘promissory note’ stands on its own and is due in full. Usually once this happens, the parties agree to settle out of court on the agreed upon amortized amount owing.
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