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Chapter11 Instructor questions signatures of the parties competent parties consideration If, upon the receipt of an offer to purchase property subject to certain conditions, the seller makes a counteroffer, the prospective buyer is bound by the original offer bound to accept the counteroffer bound by whichever offer is lower relieved of the original offer
Microsoft Word - 2010 - 2015 - DST. docx No The Contract of Sale cannot be admitted in evidence The document is clearly taxable because the law imposes a documentary stamp tax (DST) on Sales and Agreements to Sell, and Memoranda of Sale (Section 175, NIRC) Since the DST thereon is not paid, the effect is that the instrument, document or paper which require by law to be stamped and which has been signed, issues, accepted and