Receivable Forward Contract In Virginia

State:
Multi-State
Control #:
US-00402
Format:
Word; 
Rich Text
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Description

Accounts Receivable -Contract to Sale is a Contract to convey all accounts to a third party at a discount. The Seller agrees to sell to the Buyer all of Seller's right title and interest in all accounts as listed on the attached Exhibit, together with all invoices representing, and all money due or to become due on the assigned accounts and all other rights in the assigned accounts of any type. This Contract can be used in any state.
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A provision that waives or diminishes a subcontractor's, lower-tier subcontractor's, or material supplier's right to assert payment bond claims or his right to assert claims for demonstrated additional costs in a contract executed prior to providing any labor, services, or materials is null and void.

English designated the official language of the Commonwealth. English shall be designated as the official language of the Commonwealth.

The Board may promulgate reasonable regulations, not inconsistent with this subtitle or the general laws of the Commonwealth, which it deems necessary to carry out the provisions of this subtitle and to prevent the illegal manufacture, bottling, sale, distribution, and transportation of alcoholic beverages.

Virginia's fair debt collection law makes it a crime for debt collectors to send documents simulating legal process. The federal Fair Debt Collection Practices Act (FDCPA) (15 U.S.C. § 1692 and following) regulates debt collectors. The FDCPA protects consumers from unfair and deceptive debt collection practices.

In Virginia, the applicable statute of limitations for credit card debts, mortgage debts, and medical debts is five years. After the statute of limitations has expired, a creditor or debt collector can no longer file a collection lawsuit related to that debt.

§ 11-14. Notwithstanding any other provision of law, a contract governing the distribution of state lottery proceeds shall be valid and enforceable as between the parties to the contract. Code 1919, § 5558; 1998, c. 400.

No person younger than 21 years of age shall consume or possess, or attempt to consume or possess, any marijuana or marijuana products, except by any federal, state, or local law-enforcement officer or his agent when possession of marijuana or marijuana products is necessary in the performance of his duties.

In the area of law, for a contract to be legally enforceable, several requirements must be met, including an offer; acceptance of that offer; mutual understanding of the agreement; capacity to agree; an item or service; consideration in exchange for the item or service; and legality of the contract itself, including ...

A contract is an agreement between parties , creating mutual obligations that are enforceable by law . The basic elements required for the agreement to be a legally enforceable contract are: mutual assent , expressed by a valid offer and acceptance ; adequate consideration ; capacity ; and legality .

More info

For financial reporting purposes (i.e. , Quarterly Report or Comprehensive Annual.A variable prepaid forward contract is a strategy used to cash in stock shares while deferring the taxes owed on the capital gains. The taxpayer is obliged to deliver the maximum number of shares that it may be required to deliver under the contract. This chapter establishes the Department of Veterans Affairs' (VA) financial policies for establishing, maintaining, and reconciling obligations. The County and School Board contract with the Virginia Association of Counties Group Self Insurance. The City Manager will consolidate these individual priorities into a survey again for the Governing Body to review, discuss, and fillout. Work properly chargeable to account 4087 is deemed as an accounts receivable and, as such, is not a reduction in the maintenance allocation. I'll go through an example of how to record a forward contract on a balance sheet from both the sellers perspective in the buyers perspective. Financing for government contractors helps small businesses access cash flow.

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Receivable Forward Contract In Virginia