Legal Question in Business Law in Texas
Bank loan
Obtain loan on verbal request from all partners. Assured it would be repaid from co. rev. has been repaid from rev. for 1yr. No longer w/co. now co won't repay. Are there legal rights to force repayment.
Asked on 10/02/08, 9:48 am
1 Answer from Attorneys
James Grissom
Law Office of James P. Grissom
Re: Bank loan
Possibly - equity, application of funds, custom and practice. See a lawyer.
Answered on 10/02/08, 10:27 am
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