Also what does this mean? Purchaser has 10 days after acceptance to complete due diligence. Offers with financing contingencies will not be acceptable.
2007-06-23 14:36:35 · 1 answers · asked by sem3578 2 in Business & Finance ➔ Other - Business & Finance
It sounds like real estate or purchase of a business.
1. Addendum ... Not sure. The context would help.
2. 10 days.... Due diligence is the BUYER checking out the details of the offer. Once the offer is made and accepted, the buyer has 10 days to back out if the deal is not as adverized. For example, if the seller says that there is 10 +/-acres of land in a real estate offer and there is only 7 acres. The buyer can back out.
3. No contingencies... That mean the seller expect you to have the money in place to buy. That means that the buyer has the cash or approved credit to make the purchase. The seller will NOT help finance the purchase.
2007-06-26 05:37:22 · answer #1 · answered by SPLATT 7 · 1⤊ 0⤋