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quot; subject matter in escrow quot; how to understand ah?

Answers:2   |   LastAnswerAt:2017.02  

Question
visitor
jessie lake 
Asked at 2011.05.11 01:49:53
Is about the
answer Jane black  Answered at 2011.05.11 01:49:53
Legally speaking, the escrow agent is the debtor or guarantor for the benefit of creditors or its own subject matter or the liability of the collateral (including a substitute for collateral) to pay the escrow agencies sustenance, custody, in conditions of achievements, from the escrow creditor agency will deliver the activities of the deposited object. Popular little talk, and escrow can be divided into two categories: First, for various reasons, the debtor can not perform their obligations to creditors, may apply to the subject of debt (eg loans) to pay the statutory escrow agencies (such as a notary public), debt to as To fulfill; another contract for the sale as an example to illustrate: buyers and sellers signing of the agreement, the buyer in accordance with the agreement submitted to the escrow agency first price, the seller, according to shipping, when the conditions stipulated in the agreement achieved, if the buyer pass inspection, the seller can apply to the money deposited agencies to achieve successful performance of the complete contract for the sale.
answer
onlythree Answered at 2017.02.21 06:13:53
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