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If I were to Cosign for someone so they could get a car what happends What is my obligation then?
Wiki User
∙ 16y ago
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.
Wiki User
∙ 16y ago
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Do you have to be a relative to cosign?
no.my father cosigned for me,but the bank told me that anybody could cosign..good luck to you.
If you cosign a car loan for someone and they while under suspension could you be in trouble too?
Co-signing a note means you will be legally liable if that person can not pay.
What did the math teacher have to do so his daughter could buy a used car?
Cosign the loan
What happends to a cat when its claws are out?
it could be afraid or it could be climbing up something or down something
What does obligation?
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."
What happends when you fall asleep?
Well, sometimes nothing or sometimes you could have dreams.
What does obliging mean?
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."
What is meant by the term obligation?
The term obligation means an agreement to do something or a sense of duty. For example one could be under obligation of a contract or feel a sense of obligation to look after a friend.
What happends if you get caught filming a movie in theatres?
You could be arrested for violating copyright laws.
When does a the obligation of a divorce decree?
The divorce decree obligation states what each spouse is obligated to. This could be alimony payments or child support.
What happends when you kill someone in the middle of the anlantic ocean?
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.
What is obligation of not leaving the city?
It appears you could be referring to a court ordered TRAVEL RESTRICTION.
