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PDF Editor FAQ

As of July 2013, can you really buy a house in Detroit for $500? What's the catch? How can a realtor even list a property for that kind of price? Their commission would be about $25 or so. Are there some hidden liabilities you would be assuming?

Some of the properties are being sold with a "quit claim deed". Which means that the seller does not even guarantee that they actually own the property.This one, for example, has been on the market for about a year. The price has dropped to $1000 and still no takers.Search Page on movoto.com area code 482288633 Patton St, Detroit, MI 48228 MLS# 214006900Quitclaim Deed Transfers Property Without Ownership Guarantee

What makes a document legal even if drafted by a person who isn’t a lawyer?

One point I haven’t seen made here is that a document can be legal but not be enforceable. Some of the comments regarding a specific format or the requirement of multiple witnesses are addressing the enforceability of a document. The document can still be perfectly legal.Let’s start with what contracts (let’s call the legal documents that) must contain. From Nolo:Consideration. As Cole Porter wrote in the song, True Love, "You give to me and I give to you." That sums up consideration. Each party has to promise or provide something of value to the other. Without this exchange, there is no contract. (Learn more in Nolo's article Consideration: Every Contract Needs It.)Offer and acceptance. There must be a clear or definite offer to contract ("Do you want to buy this?") and an unqualified acceptance ("Yes!").Legal purpose. The purpose of the agreement must not violate the law. For example, you won't be able to enforce a loan agreement that charges interest in excess of what is allowed by usury laws or a service agreement to hire someone to rob a bank or kill your mother-in-law.Capable parties. To be "capable" of making a contract, the parties must understand what they're doing. For example, there is a presumption that minors and insane people usually don't know what they're doing and, for that reason, contracts they enter into won't be enforced under certain circumstances. (Learn more in Nolo's article Who Lacks the Capacity to Contract?)Mutual assent. This is also sometimes referred to as a "meeting of the minds." The contracting parties must intend to be bound by their agreement and must agree on the essential terms.Those are the basics. Those are the items that, in your terminology, make a contract “legal.”And, as the others note, there’s no requirement (in almost all cases) that the document be drafted by a lawyer.And let me throw another item in, as well. I could write up a quit claim deed selling you my interest in the Statue of Liberty. I might decide to charge you $100 (or $100 million). That would be perfectly legal (so long as I wasn’t intentionally trying to scam you). Why would it be legal? Because a quit claim deed states that the “seller” is transferring any interest he/she has in the property. In this transaction, I don’t own any portion of the Statue of Liberty (except to the extent that I as one of 300+ million citizens of the United States “own” it). Perfectly legal.And, as a side note, that’s what makes quit claim deeds in real estate sometimes tricky. If the person who’s “selling” or transferring the property uses a quit claim deed, there’s no assurance that he/she actually has the rights to sell or transfer it. And yet, returning to the original question, the quit claim deed would be legal.And another point: While having the agreement in writing is highly desirable and highly recommended, legal agreements can exist, and even can be enforceable, without being in writing . . . except for real estate. Real estate agreements must be in writing to be enforceable. (They’re still legal if they’re not in writing. They just can’t be enforced.)In most cases, though, stick to the 5 points above. Put it in writing. And have all the parties to the transaction sign the document.And, of course, it’s also advisable for a lawyer to review the document. It’s imperative if you don’t understand some provision of it.

What are the legal requirements for issuing an invoice in the USA?

Disclaimer: I’m not a lawyer, so this isn’t legal advice.The legal requirements for issuing an invoice? You are, in effect, asking: “What would make an invoice illegal?”Answer: An invoice that constituted fraud. Billing for services not provided. Billing at a higher than contracted rate. A request for funds that was designed to look like an invoice. (There are a lot of those.) To be found legal, an invoice should accurately reflect the amount due.But your question really isn’t asking about the legality of invoices (beyond what I’ve covered, above). You’re really asking: What makes an invoice enforceable? And that’s a totally different question.Let me give you two examples, slightly outside the realm of invoicing, on the difference between what’s legal and what’s enforceable.One: Real estate agreements generally (almost always) must be in writing to be enforceable. If I say to you: “I am making an offer to buy your house for $100,000,” that’s totally legal. And it could move all the way to closing on that basis. But if either of us challenged that statement and took it to court, it wouldn’t be enforceable. Legal, but not enforceable.Two: I give you a quit claim deed for a house that I own. A quit claim deed simply says that I give you any ownership rights I have in the property. That’s legal and—because I own the house—it’s enforceable. On the other hand, I sell you a quit claim deed to the Brooklyn Bridge. That, too, is perfectly legal; I’m giving you any rights I might have to the Brooklyn Bridge. But it’s not enforceable because I don’t own any part of the Brooklyn Bridge. (If I’d said that I did own the Brooklyn Bridge, you could come after me for fraud. But it wouldn’t be the fault of the quit claim deed.)So, back to your question. What makes an invoice enforceable? To oversimplify slightly, it’s providing whatever information the other party says is necessary. If a company says that invoices must be presented before payment will be made, well then you have to send an invoice. If a company says that you must put your Social Security number or Tax ID number on the invoice, you’ve got to include it. If a company says you have to identify the product or service for which you’re invoicing, you have to provide it. If a company says it must be submitted electronically in a specific format, that’s what you have to do.Do you have to submit one for each purchase? No. Only if the parties have agreed that that’s a requirement. Suppose, for example, that you have a standing account with a company. And the agreement is that whenever you need a refill of their product, you call in the order. Invoicing for each occurrence would be a hassle. So it’s OK to agree on monthly invoicing. Back when each long-distance phone call incurred a charge, the phone company didn’t send out an invoice each time you made a call. Instead, you’d get the bill once a month, and it would list all your long-distance calls and it would include them in the bill.Do you have to issue one if a customer demands it? As we’ve discussed above, you and the customer should have worked out these details. But if the customer says, “You must present an invoice in order to be paid,” then (generally) yes—you’ve got to submit an invoice.Again, I’m not a lawyer, so this isn’t legal advice. If you need legal advice, please consult a lawyer.

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