Epic Theatres, Inc. Epic Theatres is a privately held motion picture theatre circuit currently operating 67 screens, at 6 sites, in 3 states. USA. epictheatres.com.
~~ Take a quiz on duress in contract law ~~. ~~ Play hangman on duress in contract law ~~. Duress in contract law relates to where a person enters an agreement as a result of threats. Where a party enters a contract because of duress they may have the contract set aside. Originally, the common law only recognised threats of unlawful physical violence, however, in more recent times the courts have recognised economic duress as giving rise to a valid claim.
Put every term of the land contract in writing. In real estate, land contracts must be documented in writing to be considered legitimate. The nature of a land contract gives the seller additional protection in case the buyer defaults on the loan. The seller most likely will record a deed or mortgage in the county records office where the property is located. In most cases, the buyer pays a down payment to the seller. In many cases, the seller secures the loan by using the property as collateral. If the buyer defaults, the seller is authorized to foreclose and repossess the property. Further, all payments made under the land contract are forfeit if the buyer defaults.