Legal Question in Business Law in California
How long can I finance a membership for in California?
Asked on 5/26/11, 4:05 pm
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Occasional laws suggest time limits for the duration of agreements, such as the rule against perpetuities (Probate Code sections 21200 et seq.) and laws regarding ancient mortgages and deeds of trust (Civil Code sections 882.020 et seq.), I do not know of any statute that places an outer limit on the duration of financing for a membership in California.
Answered on 5/26/11, 5:08 pm
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