Legal Question in Business Law in Illinois
Car Settlement Offer
I received a letter from my lender offering to settle my car loan for 50% of the original outstanding balance if I paid this amount within 10 days of the date of the letter. Is this a binding agreement if I sent in the 50% by the due date or can they take the money and still come after me for the remaining balance?
Asked on 6/27/05, 2:28 pm
1 Answer from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: Car Settlement Offer
Depends on what exactly the letter says. It might be wise to have an attorney review the letter.
Answered on 6/28/05, 5:14 am
Related Questions & Answers
-
Starting a partnership I am starting a childrens clothing shop with a friend of... Asked 6/20/05, 7:55 am in United States Illinois Business Law
-
Which contract to use ? Can you tell me a good contract to use to establish an... Asked 6/08/05, 12:14 pm in United States Illinois Business Law
-
Problem client wants refund after 8 months Greetings. My wife has a decorating... Asked 6/05/05, 7:22 pm in United States Illinois Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
