Questions tagged [escrow]
The escrow tag has no usage guidance.
4
questions
1
vote
1answer
43 views
If a stakeholder steals escrow/deposit in land sale contract, is the seller obligated to refund the deposit?
In a more drastic case, if in a Sale and Purchase Agreement, the vendor authorizes the purchaser's solicitor as the escrow/stakeholder to receive not just the deposit but the purchase price on his ...
0
votes
1answer
40 views
How is “simultaneity” in transactions achieved, and when is it necessary?
I can think of two ways. One is to have everyone connected, either physically (in the same room) or electronically, via e.g. Zoom, to execute their documents. A second way might be to have different ...
0
votes
2answers
78 views
How/when do the parties know that a contract is a “go?”
This is a followup to this question, in which the seller's attorney was tasked with tracking the fulfillment of four preconditions that needed to be cleared. Is the lawyer supposed to give an "...
2
votes
1answer
64 views
What is the liability of an escrow agent who failed to do his job?
This question is a followup to this question regarding a failed. building purchase.
The seller's attorney had agreed to be the escrow agent for the transaction. That is, he was supposed to receive the ...
