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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST
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To: ColleenB who wrote (30669)4/1/1999 7:53:00 PM
From: barbara sperino  Read Replies (1) of 43774
 
Now Colleen
The acquisiton is complete but there are always stipulation in any contract. If you had read the there was OBLIGATION ON BOTH parties the must be met over a period of the next three years. Well not meeting those obligations would void the contract. What you are say that there was no contract.
EXAMPLE:
Man signs a contract with a major network to do a sit-com. So man now is promised he will receive a zillion dollars for doing the sit-com. Now also in this contract it states that the man has to show up for work on time and always be available for doing ,lets say, 10 promotion tv spots a year. also there is a small clause at the bottom of this contract which is called a Morals clause.
Now Man misses work, is never available for promotions, and the netwrok finds out he was a major porn star and never mention this at the time of signing the contract.
Does man still gets his Zillion dollars? Was there ever a contract?
Lets take a marriage contract.
One party promises to love, honor and support. Other party promises the same. One breaks this promise. Other party sue for divorse which is just another way of saying the are now canceling the origional contract because the two parties did not live up to their part of the contract.
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