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 Lawyer's Corner v2, One-stop centre for any legal queries

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firee818
post Sep 14 2012, 08:17 AM

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QUOTE(Chiahh @ Sep 13 2012, 02:41 PM)
Dear Dario, i recently sold my house. and after signning the S&P, i decided to withdraw it.  At that point of time, the S&P was not stamped yet, and i called my lawyer and ask whether i can abort the transaction since it is not stamped yet. But according to my lawyer, he said that the S&P is valid although it is not stamp, and the purchaser wil have the right to ask for penalty from me.   Is that correct?

thanks
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QUOTE(dariofoo @ Sep 13 2012, 04:46 PM)
Yes. That is correct. The purchaser has the right to compel you to proceed with the transaction.
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Dear Dario,
Then,what is the purpose of stamping?
I thought the stamping is for the legitimate of the contract and if the contract is not stamping, it can be null and void.

Appreciate your advice.

This post has been edited by firee818: Sep 14 2012, 08:52 AM

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