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Are credit agreements legally binding?
Yes, credit agreements are legally binding contracts between a borrower and a lender, outlining the terms and conditions of borrowing money.
If a bank writes off a debt is it still legally collectible?
If it is designated a charge off the debt is still valid and collectible by any means allowed under state law including a lawsuit against the debtor(s). If the debt is designated as cancelled or forgiven the debt is not collectible. A cancelled debt is considered taxable income, the debtor will receive a 1099-C and the amount stated must be claimed on the person's IRS tax return. If the creditor writes off interest on the original amount is this taxable?
Can you cash a check that is under someone else's name?
Not legally, unless the owner of the check open endorses, (signs their name on the back). Then it is simply a negotiable instrument to any holder.However, that is what is called a "3rd Party" check. The first being who wrote it, the second the one it was written to, and the 3rd the one who it is now endorsed or assigned to (or even if the assignment is open). These are generally much harder to cash, and flatly won't be accepted by many places.
Can someone legally sue you for money that was gifted to you?
Yes, someone can potentially sue you for money that was gifted to you if they can prove that the gift was given under certain conditions or with the expectation of repayment. It is important to seek legal advice in such situations to understand your rights and obligations.
What is an unwritten agreement that are legally enforceablecalled?
An unwritten, legally enforceable agreement is usually called a verbal contract.
What word means legally collectible?
The word that means legally collectible is 'enforceable.'
What is the Implied warranty of the assignor of a negotiable instrment?
The Assignor is the one who assigns the value of a choice of action.This gives or allow,s with the absence of evidence of an opposite or contrary intention, that the claim is genuine and legally enforceable in the amount that is specified on the the negotiable instrument.
Are the terms and conditions on a website legally binding?
Yes, the terms and conditions on a website are legally binding if they are properly presented and agreed to by the user.
How much money can you legally travel with?
Individuals can legally travel with up to 10,000 in cash or other monetary instruments without having to declare it to customs authorities.
What conditions can someone lose their green card?
If you violate laws or if it expires. Or if you didn't get it legally. If you violate laws or if it expires. Or if you didn't get it legally.
Is it legally yours if someone gives you something?
Ownership of an item can be legally transferred if someone gives it to you willingly and without any conditions attached.
How much money can you legally fly with domestically?
Passengers flying domestically within the United States can legally carry up to 10,000 in cash or other monetary instruments without having to declare it to authorities.
What is the fare difference between online taxi booking and local street cab booking in London?
If I mean private hire cab - that legally can only be pre-booked - the fare is negotiable. Usually private cab hire is cheaper.
Discovered deposits that can be extracted economically and legally under present conditions are called?
reserves
Are credit agreements legally binding?
Yes, credit agreements are legally binding contracts between a borrower and a lender, outlining the terms and conditions of borrowing money.
Do contracts have to be in writing in order to be legally binding?
Yes, contracts do not have to be in writing to be legally binding, but it is generally recommended to have written contracts to avoid disputes over the terms and conditions.
How much money can I legally bring out of the United States?
As of 2021, you can legally bring up to 10,000 in cash or monetary instruments out of the United States without having to declare it to customs. Amounts over 10,000 must be declared to customs officials.
