Sentences with phrase «subsequent purchaser»

The statutory warranty enables subsequent purchasers to sue the owner - builder for defects as set out on the statutory warranty.

If drafted correctly as a «restrictive covenant» it will not only bind the people who originally agreed to the terms, but also subsequent purchasers of either or both of the properties involved.

Remaining plan coverage may be transferred to the subsequent purchaser of the vehicle at the time of vehicle sale.

Restrictive covenants are created by deed and may «run with the land,» binding all subsequent purchasers of the land, or may be «personal» and binding only between the original seller and buyer.

If the borrower defaults, the assignment of lease and rentals gives the lender the right to receive rents from the tenants and to transfer the leases to a subsequent purchaser of the property.

«Section 9 (1) of the ESA does not deem the employment contract between an employee and an employer to bind a subsequent purchaser of some of that employer's assets as was the case here.

The property's subsequent purchaser had urged the Court to look to the Supreme Judicial Court's 2014 decision in U.S. Bank Nat'l Ass»n v. Schumacher, concluding that a lender's lack of strict compliance with statutory right - to - cure notice provisions was not fatal to a foreclosure sale, and to apply this rule to the default notice.

Last but not least, the Court rejected Mr. Krishnamoorthy's argument that section 9 (1) of the ESA should be interpreted as (i) deeming the employment contract between an employee and an employer to be binding on a subsequent purchaser of that employer's assets, and (ii) requiring the purchaser of a business» assets to offer employment to employees of that business on the same terms as their original contracts.

The Court held that the ESA does not deem the employment contract between an employee and an employer to bind a subsequent purchaser of some of that employer's assets.

[31] Section 9 (1) of the ESA does not deem the employment contract between an employee and an employer to bind a subsequent purchaser of some of that employer's assets as was the case here.

Restrictive covenants are created by deed and may «run with the land,» binding all subsequent purchasers of the land, or may be «personal» and binding only between the original seller and Buyer.

And, can lender then «off - load» this issue (via contract) to a subsequent purchaser?