Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Effective cause of sale indicates the key or central reason for a tenant venturing into the lease agreement. This is also referred to as effective cause in some cases. This is the main connection or factor which persuades buyers to buy any property. This is also possible with the initiative taken by the real estate agent who earns the commission as a result.
The value of this concept is undisputed. For example, suppose an agent brings a prospective buyer to view a house. This is then sold to this buyer. However, if another agent, who knew this buyer, had contacted him/her to let him/her know about a lower selling price agreed to by the seller, then he/she will earn a commission. Hence, in this case, the buyer may have to pay commissions to two real estate agents. First come first served is the guiding principle for effective cause of sale.
