If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.
That depends on the agreement you have with your bank. Ask them.
Read your card agreement and it will spell out what terms you are under
A secured credit card is a pay to play system. That is you must bank a certain amount with the issuing bank before you may use the card. If that balance is met or exceeded, your ability to use the card will end. An unsecured card is a type of loan; you may use the card up to your assigned limit with no penalty (other than that outlined in the credit agreement).
If that is the agreement.
If a card was received and used by the named person then a contract is implied and there does not need to be a written, signed agreement.
If there is no signed agreement then it is unenforceable as all of the terms relating to the contract are within this agreement.
No it doesn't.
Debt collection in Kentucky is the longest time frame. The creditor has up to 15 years to collect on a written agreement. They have 5 years for an Oral agreement or Credit Card.
This depends on the credit card. Check the cardholder agreement that was sent to you with the card or call their customer service number, usually located on the back of your card.
Call the credit card issuer for their requirments or look for this answer in your card holder agreement.
A revolving credit agreement is a legal contract between a lender and a borrower whereby the lender agrees to lend up to a certain amount to the borrower for some period of time. The borrower agrees to make minimum periodic payments during the time that the revolving credit agreement is in force and pay off any balance due at the end of the contract period. Many revolving credit agreements automatically renew after the agreed period (unless the credit circumstances for the borrower have radically changed). An example of a revolving credit agreement is the credit card. A credit card has a credit limit ("up to a certain amount" or "maximum"), an expiration date ("some period of time") and minimum payment requirements ("minimum periodic payments"). Most credit card agreements are renewed before the original agreement (the card) expires.
The legality of using a credit card is based on state law and the credit card agreement between the issuing bank and the holder. Its not a yes or no answer. You would have to contact the bank on the back of the credit card and learn what the agreement was in your case.
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
That depends on the agreement you have with your bank. Ask them.
No. Not Florida, but maybe Texas. A verbal agreement, like a wedding vow would be binding. To "unwind" the verbal agreement will probably require a divorce lawyer.