Can I change my mind about buying a car after I signed a contract?
Full Question:
Can I change my mind about buying a car after I signed a contract?
03/30/2007 |
Category: Automobiles |
State: Texas |
#2362
Answer:
A contract is usually “discharged” by performance of the terms of the agreement. A contract may be discharged pursuant to a provision in the contract or by a subsequent agreement. For example, there may be a discharge by the terms of the original contract when it says it will end on a certain date. There may be a mutual cancellation when both parties agree to end their contract. There may be a mutual rescission when both parties agree to annul the contract and return to their original positions as if the contract had never been made. This would require returning any consideration (for ex., money) that had changed hands.