commercial lending
The truth in lending act only applies to consumers, what recourse does a business have when deceived into unrealistic loan terms?
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Read More Answered By: Jonas Grant |
Re: commercial lending You said it - an action for deceit, fraud, intentional misrepresentation, or the like. Otherwise, generally, in a business setting, it is presumed the parties can take care of themselves and the additional protections afforded consumer - who are often presumed to be on unequal bargaining footing and less sophisticated - are not applicable. If the loan terms were unrealitic, why did both parties sign? |
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