Like contract law in general, specific guidelines for unilateral contracts are subject to state laws rather than federal laws. Jurisdiction over unilateral contracts was established in Oklahoma in 1940 with Petroleum Research Corp. v. Barnsdall Refining Corp. Imagine offering $2,000 to a friend to install new floors in your home. This is a one-sided…
The credit servicer must issue an annual escrow statement to the borrower once a year. This statement summarizes all deposits and payments in the escrow account and payments made during the year. It also informs the borrower if there are any excesses or bottlenecks in the escrow account and informs the borrower of the…
If you are referred to a diversion, the case goes to a judicial officer, where you must fill out a questionnaire and attend an interview. The case is then referred back to a judge for a final decision. If a redirect is granted, you must meet a number of conditions as part of the…
