With a promissory file can?
I hold a friend who him and I be conversation at the shoreline near my freinds 2005 Acura TL subsequent to a lifeguard tower. My friend be describing me how he lost his duty and have impossible credit presently and couldn't obtain a loan for 5,000 because he lost his assignment. When the lifeguard pop within the conversation and become friends beside us. After 2 weeks he told my friend I will lend you the 5,000 my friend submerge for delight but the lifeguard told him you must sign a promissory entry which he ask for the vehicle as collateral. My friend tought he could salary him beside another position he found but he be layoff and immediately cant payment its be 90 days that he hasn;t remunerated and the lifeguard wont pass me no more probability can the lifegaurd repo my friends vehicle next to the motor self mention within the details.
Answers:
i am sorry to speak yes -- it would in recent times as if he borrowed it from the sandbank and they be repro the sports car -- should the go guard purely impart th 5K to your friend!
Yes the motor can be repossessed. A promissory details is a endorsed contract.
you didn't ask a clear cross-examine but it sounds approaching the lifeguard be smart and your friend is slothful. Your friend requests to revise how to find and hold a chore so he can rate his bills. He deserves to lose his saloon.
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Answers:
i am sorry to speak yes -- it would in recent times as if he borrowed it from the sandbank and they be repro the sports car -- should the go guard purely impart th 5K to your friend!
Yes the motor can be repossessed. A promissory details is a endorsed contract.
you didn't ask a clear cross-examine but it sounds approaching the lifeguard be smart and your friend is slothful. Your friend requests to revise how to find and hold a chore so he can rate his bills. He deserves to lose his saloon.