If the seller has failed to provide marketable title, the buyer is permitted to rescind the saleâthat is, to back out of the contract and receive a refund of the money paid for the property. Suppose, for example, that Mary buys land from Bob. The contract of sale declares that Bob holds marketable title to the land.
Freebase(0.00 / 0 votes)Rate this definition: Fer. Fer is a red French wine grape variety that is grown primarily in South West France and is most notable for its role in the Appellation d'Origine ContrÃ´lÃ©e wines of Gaillac, Marcillac and BÃ©arn but can also be found as minor component in the wines of Madiran, CabardÃ¨s and Bergerac.
Retirement Question Answer OPM URL 137 What is the Federal Employee Retirement System (FERS)? FERS is a three-tiered retirement plan consisting of the FERS Pension, Social Security Benefits, and the Thrift Savings Plan. 138 The FERS Basic pension piece to your Retirement System is a Defined Benefit Plan, which means you will be eligible for a Pension/Annuity from the Federal Government that will be based on years of service, age requirements and salary history. You must work at least 5 years with the Federal Government before you are eligible for a FERS Federal Pension, and for every year you work, you will be eligible for at least 1% of your High-3 Average Salary History.