Oct 28 2009, 10:48 AM
QUOTE(leongal @ Oct 27 2009, 04:50 PM)
what is forfeiture clause?
i am about to pay my booking fee tonite....nit to understand...thanks
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i googled and found "a clause in a contract which states that goods or a deposit will be taken away if the contract is not fulfilled by one of the signers"
tx
Normally the deposit will be refunded if the sales cannot go through because of seller's fault or third party fault. If it is your fault that the sale cannot proceed, then the seller has the right to keep your deposit.i am about to pay my booking fee tonite....nit to understand...thanks
- - -
i googled and found "a clause in a contract which states that goods or a deposit will be taken away if the contract is not fulfilled by one of the signers"
tx
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