Note: The DearEsq free 'ask a lawyer' site is offered as a free informational service to the public and is not intended as legal advice. Laws vary from state-to-state, and in addition every situation is unique, and relevant facts may not be known. The answer to the question posed below may not apply to in your state or to your situation. For legal advice in your state and your situation you should consult with an attorney in your state who is familiar with the rules and laws in your state.
How long does the electric company have to pay me for an electric easement so my neighbor could get power? It stated they would pay me $1.00 in the agreement. I signed it over a month ago and nobody has paid me yet. Can it be voided if payment is not made in so many days?
Typically, when a very small dollar amount ($1 or $10, most typically) is recited as payment, this is a legal fiction and is not actually expected to be paid. Look for something in the agreement to the effect of “receipt of which is hereby acknowledged,” which is essentially you agreeing that you’ve already gotten the (fictional) dollar.
Where there is a real payment to be made, if the agreement doesn’t specify when then the answer is that they have a reasonable time whatever that means.
