InvestorsHub Logo
Followers 4
Posts 35
Boards Moderated 0
Alias Born 08/07/2014

Re: SandridgeEnergy post# 56901

Friday, 06/10/2016 10:17:33 AM

Friday, June 10, 2016 10:17:33 AM

Post# of 63559
Well I think your colours are showing through.

Truth be told when you say you asked Fresno, the question presents itself as to whom you asked to explain the situation.

Unless it was a legal representative it would only have been a general public information official.

Legal finer points are complex in their details and unless you know the exact setup yourself you are ill placed to make any judgement on the veracity of any statement by either Fresno or the companies involved in the Fresno transaction.

Example

In the UK, standard property purchases of leases, involve the exchange of contracts prior to transfer of total funds or property title.

So:
Step 1: I bid on a property.
Step 2: My bid is accepted.
Step 3: The contract is awarded and physically sent for signature.

Now this contract may come at the cost of a deposit or it may not. However, it is modified by terms and agreements during further negotiations. Notice the language the contract has been awarded.

Now if I buy the property under the condition that the land and what's built on it gets approval for changes and modifications by the city Planning office. The contract is modified subject to approval and signed or exchanged legal term.

Completion only occurs once approval is granted by the council. Should it not be approved , the transaction does not complete and the contract as it doesn't satisfy terms is null and void.

I am not saying that I know the legal niceties that are of required in the transactions involving city councils, public utilities or the contractors they wish to employ, in that particular state or city jurisdiction.

What I am saying is you have no real factual evidence that entitles you to make a direct accusation of wilful representation without knowing the exact legal protocols involved in the transaction.