Maintainability of mou
prasadreddy
(Querist) 21 May 2014
This query is : Resolved
A and B(Purchasers) executed a MOU with C(Agreement Holder of a House)for purchasing a house and executed a Memo of Understanding. Due to non availability of A and B, their son wants to sign on the MOU on their behalf and given a self cheque, as advance amount. "C" has accepted for the said transaction. Purchasers have agreed to pay the balance of sale consideration, after two months.
I want to clarify, is this MOU legally a valid document, in case if A and B could not turned for registration or even if after completion of a regular sale deed in the name of above A and B, could the "son" have a right to claim for the advanced cheque payment from "C".
plz. clarify.
Sunil S Nair
(Expert) 21 May 2014
Has you stated in your query everything you stated here should be stated in the mou and the reply is Yes as C as given is consent for the said transaction
ajay sethi
(Expert) 21 May 2014
what is the authorization for son to sign MOU on behalf of A and B . have A and B given POA to son ?
Rajendra K Goyal
(Expert) 21 May 2014
If son has not been authorized, he has no authority / capacity to sign MoU.
