0
How would one go about writing an agreement for a payment of a car accident?
Wiki User
∙ 17y ago
First try calling the police and getting a police report. They are the best weapon against anyone trying to change their story later. However, in the case where police won't show up or can't be reached for whatever reason, then take pictures of both cars involved if you can. Then get as much of the other drivers information as you possibly can, including insurance. Personally, private or written contracts I would not recommend because even if you meet the most seemingly trusted person around, there really is no guaranteed way they will pay for the damages to your car, or if even if they have thar kind of money for that matter. Sure you could write up an agreement and make it legally binding, and then sue them when they don't pay. But even a lawsuit will not guarantee you any money. However, to answer your question, consult a lawyer. Remember, whenever you enter into a verbal or written agreement with anyone, you are risking them changing their story later and it can complicate things so be careful.
Wiki User
∙ 17y ago
Add your answer:
Earn +20 pts
What is a example of an agreement that would need to be in writing to be enforceable?
A contract to buy or sell real property (land/house) must be in writing to be enforceable.
What type of contract is a business consultant agreement?
A Business Consultant Agreement is a contract between a company that desires business consulting and an independent business consultant. A basic agreement would outline the type of services performed, time devoted and payment.
How Much Down Payment Is Required In Equipment Leasing Agreement?
It depends if you are a start-up or not. In some instances a down payment can be a requirement for leasing equipment. Usually the minimum down payment would be equal to two monthly lease payments.
What is the implied rate of interest in a private party loan if you orally agreed it would be the market rate They now deny making that agreement?
If you do not have this agreement in writing then you do not have proof that this was negotiated with the lender.
What should you do if your car was repossessed and you arranged a payment plan with the company and have paid them on time but now they say you need to pay in full in 30 days?
If you arranged a payment plan with the company, you should have that plan in writing. If you do, they cannot arbitrarily change the agreement unless you have defaulted by not making payments on time. If this is the case, you can sue them or ask the court for free arbitration, as this would fall under contract law and they would be in breach of the agreement. However, if you arranged the payment plan verbally and have no paperwork to show for it, it's your word against theirs. Since you've already had the car repossessed, it would not look good for you to go to court with them. * If the original loan was not reaffirmed then it would still be considered in default, and any action on the lender's part would be legal. The lender accepting a different payment plan than was originally established and then demanding payment in full within 30 days is also legal, and breach of contract would not apply. All lenders/lending institutions will have a clause in the original contract that states the loan terms can be accelerated if the agreement is defaulted in any manner.
What is your mortgage payment?
A mortgage payment is an agreement entered into with a lender, which the borrower pays a monthly "mortgage" payment until the dept is repaid. To figure out what your actual payment would be, you can use many mortgage calculators, plugging in your specific interest rate and amount borrowed. See related links for the one I use.
If you are trying to sell a car and someone gives you a down payment then backs out are you obligated to give the down payment back?
I wouldn't think that you would be but I don't know what the law is. Do you have anything in writing?
If payment is a month behind yet two weeks ago made a full payment can they still threaten to repossess?
AnswerProbably, but if payments are kept current it would be unlikely that a creditor would take such action. When a scheduled payment is missed the account is in default even if the payment is "made up" and the creditor can exercisewhatever options might apply under the original agreement, including repossession of the item.
How long does a company have to wait to repossess a vehicle?
This would be determined by the terms of the loan agreement and the applicable local laws. Within the loan agreement there should be reference to the action that can be taken to repossess the car should non-payment arise.
Can other drivers claim bodily injury from your insurance for a car accident in which driver is found at fault?
Yes, the driver who was at fault is responsible for the bodily injury for anyone who has been hurt in the accident. The percentage of payment that has to be made would depend upon the percentage of fault for the accident, the prevaling norms of the state or province where the accident ocurred.
Statute on medical bills in Tennessee?
In Tennessee that would be 6 years. Medical debts are normally documented in writing. That gives them a fairly long period of time in which to collect. And it will be measured from the last acknowledgment of the debt, payment or letter from the person who owes.
My Brother and I had a verbal agreement for me to buy his share of an inherited cabin. After I made one payment he died. Is our verbal agreement valid for his estate purposes?
Your brother must have a family of his own or why else would you ask this question? If not the cabin is yours, but who am I to tell you this. x NO, it's up to his family if this agreement stands, If it does then I would go through the proper channels.
