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Can you release an award without a CAR? If so what are the circumstances?

User Mpflaga
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Final answer:

While the requirement for a Conditional Approval Release (CAR) depends on context, awards can sometimes be released without a CAR under certain circumstances, such as unconditional approvals or when conditions are waived or fulfilled.

Step-by-step explanation:

Can you release an award without a CAR? The answer to this may vary depending on the context, but in the field of property sales, business transactions, or contracting, a CAR typically stands for Conditional Approval Release. In situations where a Conditional Approval Release is required, not having one might impede the process of releasing an award. However, there are certain circumstances under which an award could be released without a CAR, such as when an unconditional approval is given, or if the award pertains to a different type of transaction or recognition that does not require conditional approval.

For example, in real estate, a CAR might be mandatory before disbursing funds to ensure that all conditions have been met. If the conditions are waived or deemed unnecessary by all parties involved, the funds may be released without it. Similarly, in contracting or business awards, if the conditions tied to the award have either been fulfilled or are not applicable, the award can be released without a CAR.

User Creichen
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