Indiana | Credit and Debt Law
10/30/09, 11:28 am
Legal Question
I obtained a loan for 3000.00 for my son so that he could purchase a car. It is currently not running due to problems with the transmission. He contacted a lawyer and is trying to get out of paying for his obligation stating his name is not on the title. I have 4 witnesses that were present when he stated that he would repay the loan for the car. Is a verbal agreement binding, and is there anyway he could actually get out of his obligation. I was requiring him to pay 125.00 monthly for the next 3 years.
Share This On:
Legal Answer
|
Read More Answered By: C. David DuMond |
|
|
