Auto Loans and Financing

If I were to Cosign for someone so they could get a car what happends What is my obligation then?


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2008-05-07 07:46:00
2008-05-07 07:46:00

You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.


Related Questions father cosigned for me,but the bank told me that anybody could cosign..good luck to you.

Co-signing a note means you will be legally liable if that person can not pay.

An obligation is something you are bound by duty to do. It could be a legal obligation arising from a contract, in which a person has promised to do a certain thing as a part of the contract. It could be a moral or ethical obligation which could arise as a result of a promise which is not legally binding, or from a relationship. E.g. "You said you'd visit the sick and elderly after church and you have an obligation to follow through." "I feel that, as a friend, I have an obligation to attend her funeral." "It's your obligation to take care of your brother's widow and children."

it could be afraid or it could be climbing up something or down something

Well, sometimes nothing or sometimes you could have dreams.

You could be arrested for violating copyright laws.

The divorce decree obligation states what each spouse is obligated to. This could be alimony payments or child support.

You would be tried under the laws of the country of registration of the ship you were on. To avoid the expense and trouble of an investigation and trial, when this happens, that country COULD waive thire jurisdiction to the nation of the defendant and/or victim.

It appears you could be referring to a court ordered TRAVEL RESTRICTION.

Yes, a man could have someone else.

It could cause an atomic war and if that happends probably 85% of the world population could die

That would depend on the rules and procedures of the loan provider. If the cosigner alleged that the signature was not theirs, it could create a problem if the signature was not properly witnessed.

No. Identification is too significant to allow one to replace another for a draft. The above answer is certainly correct today in the United States, and has been since the early 20th century. Being drafted is a legal personal obligation, and cannot be discharged by any other person (in the same way that you can't pay someone to serve a prison sentence for you). However, before that, it was entirely possible to pay someone to serve your obligation. This was particularly prevalent in the North during the American Civil War.

NO! because the bottom line is the lein holder does not care and has no obligation to allow the buyer to keep the automobile. There is no recourse for someone that has a repo order issued for a car based on medical necessity. You could request a hearing on replevin to show investment but it is a waste of time

Synonyms for duty are responsibility, commitment, or obligation.Synonyms for a duty could be assignment, role, or undertaking.

The NFL could draft you. But they couldn't sign you to a contract until you get out of the military. After the military service obligation is up, then you could play.

The best way to receive a good interest rate on your loan is to either have a good credit score or have someone cosign with a good credit score. You can usually receive the best rates with banks or credit unions that you have been a member of for a prolonged period of time.

it may have not been a real period, you could have systs or endometriosis. if it happends again id go to the docotor

If you've had it most of your life and you don't eat green things everyday,then yes you could die.But if it happends once,nothing will happen to you.

it will go off and will smell and would be unable to eat and could also make other food go bad

They could still cosign. It would mainly land on the bank to see if they would approve this person as a cosigner. More then likely they would if they have a mortgage as well as 2 other car loans that are up to date. This person probably has very good credit and all they'd need is a good amount of funds coming in to get approved.

we use SHOULD if we are expressing a necessity, obligation and prediction COULD if we are expressing a possibility or past ability WOULD if we are expressing a habitual action

someone could stab them or they could fall off the cliff.

Some concerns are so critical that the need to make someone aware of the problem. If our supervisor behavior could endanger to customers,employees or the business, then I have been obligation to tell the management.

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