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If one person obtains a loan can they claim another persons income if they dont cosign?
No. No income not belonging to an obligated borrower may be considered.
Is the lender obligated to notify a cosigner if a payment is past due in the State of Wisconsin?
No, the cosigner may be the first one the lender attempts to collect from if the primary borrower defaults. That will probably be the only "warning" one receives.
What is modarbha?
Modarbha is a concept in Islamic banking. According to Modarbha one party provides the finance to the other party who establishes and manages business.
What is the difference between cross currency basis swap and cross currency fx swap?
A cross-currency basis swap agreement is a contract in which one party borrows one currency from another party and simultaneously lends the same value, at current spot rates, of a second currency to that party. The parties involved in basis swaps tend to be financial institutions, either acting on their own or as agents for non-financial corporations. An FX swap agreement is a contract in which one party borrows one currency from, and simultaneously lends another to, the second party. Each party uses the repayment obligation to its counterparty as collateral and the amount of repayment is fixed at the FX forward rate as of the start of the contract.
Is the cosigner the only one responsible on the loan?
The primary borrower is responsible for making the payments and adhering to the terms of the lending contract. The cosigner is legally obligated only if the primary borrower defaults on the lending agreement or files bankruptcy (chapter 7).
How do law of tort functions?
The law of tort functions by providing a legal framework for addressing civil wrongs committed by one party against another, resulting in harm or injury. It aims to compensate the injured party for their losses and deter others from engaging in similar wrongful behavior. In cases of tort, the burden of proof typically falls on the plaintiff to demonstrate that the defendant's actions or omissions caused them harm.
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
If two people live together with separate cars and separate insurance are they excluded from an injury claim if one is hurt as a passenger in other roommates car driven by roommate?
No. You would not be excluded. The injured party is entitled to their claim. If the insurance tries to deny for any reason, the injured party can sue the insurance company.
Is Macy's obligated to email a response after an interview?
No one is obligated to contact you in any way. Though it would be rude not to do so.
What is the legal definition of insurance?
A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.http://legal-dictionary.thefreedictionary.com/insurance
How many people died injured in mount st helens eruption 2004?
No one was killed or injured enough to be recorded. No one was killed or injured enough to be recorded.
Are companies obligated to have more than one item at the advertised price?
no
To defray one's expenses is to?
To compensate or to pay part of a cost/expense.
How many were injured in the boscastle flood?
No one was killed or seriously injured in the flood.
How could one obtain cash for structured settlement payments?
One can obtain cash for structured settlement payments from any of the legal financing companies. Structured settlements is a periodic payments of funds. It is received as a claimant of injured party.
What concept is at the heart of a tort?
The concept of a tort is centered around the idea of civil wrongs or harms committed by one party against another, resulting in legal liability for the wrongdoer. It involves breaches of duty owed to others, which can lead to various forms of compensation for the injured party.
What benefits can one expect if they are injured at work?
There are many benefits that one can expect if they are injured at work. It depends on where one is working, but one can typically expect financial compensation for their injuries.
