Can a lending company "change their mind" after a contract is signed?
I really need help with this. We applied for and were approved for an RV loan for 8.74% for 144 months on 6/25/07. The RV was delivered to our home (we purchased from an RV wholesaler) on 8/13/07. We signed the contract and assumed everything was final. (it always has been in the past). Now out of the blue we get an email from the dealership that says we now have to pay 1200 more down, and our interest rate jumps up to 11.24% for 120 months. (thats about $70 more per month). They claim the 8.7% approval was only good for 60 days, and that they could no longer finance us because of a supposed drop in our credit score. I knew nothing of this 60 days they were talking about. No one ever told me this, or I may have chose to go elsewhere for financing. I signed the contract believing it was binding and now they want more money and a higher interest rate. We have had the trailer for almost a month now and gone camping for a week in it already. This is so unfair! Please help!
What does it mean to work under a W2 contract?
It means you are not treated as an employee and do not get employee benefits.It also means you are “self-employed” for tax purposes, and must pay a “self-employment” tax that is about 6.5% of your income in addition to all the other taxes (income tax, social security tax, etc.)Being self-employed working on a contract also means you aren’t covered by “unemployment insurance” then the contract ends. And, your employer can end your employment at any time without notice or cause, unless you actually have a contract that includes fixed dates. Most don’t.For these reasons, your pay rate as a “W2” employee should be at least 50% higher than a comparable “W4” (full time) employee, and perhaps even higher.In recent years, companies have be using “contract” employees to cut expenses and avoid paying the “employment tax” - which funds unemployment insurance. Their tax rate will be especially high if they have a history of firing a lot of people. For this reason, the IRS has instituted a new rule that says *IF* you are working at a job full time under conditions similar to the full time employees, then you can demand to be treated as a full time W4 employee for tax purposes. This means the employer has to pay his share of taxes, not you. Contact the IRS for details.
How do companies get government contracts, is it through referrals, image of the company, or the reputation of its owners?
The none of the above are the shortest answers to that question. It is really about of what type of contract or business that you open to a local, state, or federal level government contracts. Now a days, there are lots of documentations, years of experience, gov’t. contract referrals, stability of your business or company financials, and also years and knowledge dealing with government work. It is difficult for a new Joe business to start doing business with the government as a whole. But for starters, to get you into the government world is to hire business project consultant that knows and has reputation to work with established contractors that have the experience with government project(s) for years. Start from there, and you have to be patience because there will be lots of engagement meetings to happen in establishing that relationship with the major contractors. Once relationships are established, then start to work as a subcontractor to gain experience and learn the hoops and to drive the sleighs.For medsize business, do not rely on government projects as your major source of revenue because contract awards can take long waits and also the government to pay you the money, it takes time to get you paid. Better off looking for private opportunities out there, lots of competition and very crowded market to push through. Government contracts are good for big and established companies that want to add additional revenues to soar up earnings to make Wall Street happy that they do something else to increase corporate revenues. It is like, show me the virtual money in context, but not in contents.
Is the contract enforceable?
Clean Machines Company makes washing machines. Over the phone, Clean offers to sell Dealers Appliance Outlet one hundred model EZ2000 washers at a price of $150 per unit. Clean says it will keep the offer open for ninety days. Dealers responds that within two or three weeks it will decide whhether to accept. One week later, Clean faxes and Dealer receives, notice that the offer is withdrawn. Dealer immediately phones Clean to accept the $150 per unit offer. When Cleean refuses to deliver at that price, Dealer files a suit. Clean asserts, first that there is no contract and second, that if there is contract, it is unenforceable. Discuss Clean's assertions
Are contract to hire IT jobs good or bad?
Bad.These are some of the points which I believe will make it worse.1. You work at a client place who makes you work for another client. With this model your work has the least probability of getting recognized with your actual manager.2. Most of the client where you work at discriminate you for being a contractor (kudos if they won't) and trust me that's not a good feeling.3. Your colleague (not a contract employee) who works besides you gets recognition and hikes frequently and with a greater magnitude than you. This, at times can be demotivating.4. Recession? Layoff? contract employees are the worst hit.5. Your new employer will not be bothered with all the story you tell about working with the clients.6. Team outing? You maybe not allowed to join because you’re a contractor.7. Once your contract is over you might have to find a new job.So overall the scheme of ‘contract to hire’ is a scam. Find a permanent position instead.
Contracts with minors?
The majority rule is that the company will be required to return all the payments the minor made. The policy rationale is that minors are considered too immature to realize the consequences of a contract, and others should not benefit from that. A tiny minority of jurisdictions will rule that the minor's recovery will be offset by the reasonable value of using the furniture, or the amount the furniture has depriciated in value, eg Dodson v. Shrader (Tennessee). The rule is different where the contract is one for necessities, such as food or shelter, or where the minor willfully misrepresents his age.
Should I pick this contract-to-hire offer over a full-time offer?
A big name on your resume could really pay-off. Is there any chance the small one will go for an IPO that you can cash in on?Are there any other factors, location, team, boss, benefits, ...No matter what, you won't have a problem picking up another great gig so it might be worth the risk if the contract job checks off more boxes.