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What are the key terms and conditions that should be included in a contract for loaning money to a friend?
Key terms and conditions that should be included in a contract for loaning money to a friend include the loan amount, repayment schedule, interest rate (if applicable), consequences for late payments, and any collateral or guarantees required. It's important to clearly outline the terms to protect both parties and ensure the loan is repaid as agreed.
What else can I help you with?
What should be included in a lending car to friend contract?
A lending car to friend contract should include details such as the names of both parties, the duration of the loan, the condition of the car, any restrictions on use, responsibilities for maintenance and repairs, insurance coverage, and what happens in case of damage or accidents.
What should be included in a contract when buying a house with a friend?
When buying a house with a friend, the contract should include details such as the ownership percentage of each party, how expenses will be shared, how decisions will be made, what happens if one party wants to sell, and how disputes will be resolved. It's important to clearly outline these terms to avoid misunderstandings in the future.
Is it possible to get sued if you and a friend did a contract that both of you will pay an amount but she did not ended up paying?
yess
How can a 17-year-old get a personal loan?
You can't. No contract is legal and binding until the contract holder is of legal age to which is 18. No bank or corporation can legally enter into such an agreement with a minor. It would have to be very personal, such as a relative or friend of the family who understood that the loan would not be a binding legal agreement. Although this stipulation does not apply in every situation pertaining to financial transactions by an underaged person.
You bought a car for a friend that signed a pmt agreement You repossessed the car from the individual for non-payment The individual got a payday loan against the title Who owes that money?
Who ever signed the pay day loan contract owes the money. You bought the car for the friend so the title should have your name on it until such time as you have been paid for the car and you sign over the title to the person buying it from you.
What is a browser kiosk?
It is a security measure that limits access to a computer for the intent of loaning it out as an internet browser 'kiosk.' Essentially a safe mode for loaning your laptop to a friend.
What should be included in a lending car to friend contract?
A lending car to friend contract should include details such as the names of both parties, the duration of the loan, the condition of the car, any restrictions on use, responsibilities for maintenance and repairs, insurance coverage, and what happens in case of damage or accidents.
What should be included in a contract when buying a house with a friend?
When buying a house with a friend, the contract should include details such as the ownership percentage of each party, how expenses will be shared, how decisions will be made, what happens if one party wants to sell, and how disputes will be resolved. It's important to clearly outline these terms to avoid misunderstandings in the future.
What was the name of the Gabe Kaplan stand up comedian album which featured the Kotter story and is it available now?
Its only on viynl. a friend has a copy and is loaning it to me next week.
Is canceling a dinner date with a friend a violation of a contract?
No.
Can a friend drive your rental car?
Probably not, unless the friend is specifically listed on the contract as an "authorized driver". Spouses are often included at no charge, but other additional drivers require a fee. I do not recommend ignoring this contractual restriction "just once". If anything happens to the car, the person who rented it is fully liable.
Is a bet with a friend a legal contract?
It will depend on the laws in your state. In many cases betting is illegal unless regulated by the state. If it is illegal, it is not a contract.
Would you join a project with your friend without contract?
Yes you could join him. It also depends on the type of project, for huge project it is advisable to have a contract.
what is an example of verbal contract?
An example of a verbal contract could be agreeing to pay a friend $50 for a concert ticket they bought for you over the phone. This agreement, even though not in writing, constitutes a verbal contract.
Paraphrase the word 'money lent to a friend can be recovered from an enemy'?
Money lent to a friend can be recovered from an enemy means that tensions can arise between friends when money is involved. The lender may feel that the borrower has taken advantage of them in some way and the borrower may feel that the lender expects more praise for loaning them money.
Is it possible to get sued if you and a friend did a contract that both of you will pay an amount but she did not ended up paying?
yess
How do you collect a debt when nothing is signed?
so you mean: No contract signed? sorry to tell you this, but you cant do anything, unless there is a contract signed. Otherwise people could just walk up to someone and claim that they owe him money or something.... If this person is a friend, just talk to him. IF that person is a friend, he will repay the debt. if its not a friend.... good luck...
