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You might be responsible for some or all of the debt. It depends what kind of guarantor contract you signed.
They could enter into a contract. Enforcement if they leave the country could be difficult, but there is no reason they can't enter a contract.
No, it is not possible for an underaged person to enter into a financial contract with or without a cosigner.
A person bankrupt money from the bank, so the polices were trying to find him.
Bankrupt
If a financial institution goes bankrupt, your contract with them may not necessarily be void. The terms of the contract, bankruptcy laws, and court decisions will determine how the contract is treated during the bankruptcy process. It is advisable to consult with a legal professional for guidance on how to proceed in such a situation.
You might be responsible for some or all of the debt. It depends what kind of guarantor contract you signed.
It depends upon where you live. but generally no, a person under 18 cannot enter into a legally binding contract without their parent or guardian's approval.
A bankrupt is a person who cannot pay his or her debts.
if the maker intended for the misrepresentation to induce the other party to enter the contract and if the misrepresentation would likely induce a reasonable person to so enter the contract
A person's capacity to enter into a contract refers to the legal ability of a person to enter into a contract. It also means that they can mentally understand the terms of the contract. visit our website to know more link in bio.
As for contract law, a person must be able to understand the nature and consequences of the contract when it is formed. Mental capacity refers to one's legal ability to enter into a contract. Your question is assumed to refer to a person who lacks mental capacity. A person who lacks mental capacity cannot understand the obligations under a contract and that makes the contract voidable in most cases.Also, a minor cannot make a valid contract in most cases.
Certainly, an elderly person can go bankrupt; there is no age limit on bankruptcy.
They could enter into a contract. Enforcement if they leave the country could be difficult, but there is no reason they can't enter a contract.
The company as juristic person has rights, duties and responsibilities as an individual person. The juristic person can enter into any contract and be bound to it.
No, it is not possible for an underaged person to enter into a financial contract with or without a cosigner.
No. A person must be 18 to enter into a contract.