It is hereby certified that the transaction hereby effected does not form part of a larger transaction or of a series of transactions in respect of which the amount or value or the aggregate amount or value of the consideration exceeds the sum of Five thousand five hundred pounds.
This information is taken from a burial certificate dated 1969.
Only serious answers please.
Thank you to anybody who can shed some light on this, I'm baffled.
2006-08-10 05:10:22 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Basically, it's talking about an exchange of money or other things of value ('consideration' being the contract law term).
Some law somewhere must talk about exchanges of money, in a single transaction or a series of transactions, where the total amount of money (or total value of things) involved is over 5500 pounds. And presumably, anything transaction (single or together) that involves more than this amount of money is prohibited.
So, this certificate says that the money exchanged by that particular transaction doesn't violate that law, because it's not part of a group of transactions that together exceed that total.
2006-08-10 05:16:36 · answer #1 · answered by coragryph 7 · 0⤊ 0⤋
Without more information (why is this relevant), it is difficult to answer. Another possibility is that it limits the value of the services to 5,500 pounds. So, for example, they agree to provide services that are described, but if the value of the services exceeds that amount, they are entitled to charge more. For example, they agree to a plot and to maintenance, but then you want a mausoleum constructed for a monument. This would exceed the total value of the contract.
Another possibility, as mentioned by previous writer, is that the contract is limited to $5,500 because (a) there were price controls set by your legislature or rules; (b) it establishes jurisdictional limits, etc.
2006-08-10 05:24:38 · answer #2 · answered by robert_dod 6 · 0⤊ 0⤋
All it's saying is that transaction is a single transaction not applying to any other transaction or string of transactions should it amount to more then 5500 pounds. anything over that would most likely be billed seperately from this transaction.
2006-08-10 05:28:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
yeah basically what the first answer said:
the certificate certifies the transaction is a simple transaction referring to one deal; not a joint transaction with another deal or collaboration or portion of several other transactions.
2006-08-10 05:23:17 · answer #4 · answered by The First Lady 5 · 0⤊ 0⤋
Basically, its stating that this is an independent business contract, the cost of which is less than 5,500Pounds in British currency.
2006-08-10 05:19:35 · answer #5 · answered by Anonymous · 1⤊ 0⤋
it means you can't get any more than 5500 pounds,or it won't be any higher than 5500 pounds
2006-08-10 05:22:06 · answer #6 · answered by ~Misty.babydoll~ 3 · 0⤊ 0⤋