Legal Question in Business Law in Nevada

Vending Companies Guarantee

Is this a valid guarantee? Company guarantees that within 12 months initial investment returned in full. If not met, difference is reimbursed by company directly to investor.


Asked on 2/11/09, 2:13 pm

3 Answers from Attorneys
James Smith James E. Smith Ltd.

Re: Vending Companies Guarantee

Looks valid.

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Answered on 2/11/09, 2:32 pm
Bambi Walters Bambi Faivre Walters, PC Patent & Trademark Attorneys

Re: Vending Companies Guarantee

First, nothing is guaranteed -- you take a risk investing.

Second, what is 'difference'? Are they planning ot pay investor over 12 months? If so, that's not in the agreement.

Third, what is the collateral of the company?

Fourth, is the person signing this an Officer of the Company or otherwise authorized to enter into a binding agreement?

Fifth, have you looked up NV Secretary of State info? If it is a stock holding company, why not get stocks as collateral.

I'm sure there are other perspectives and ask that you let other attorneys respond.

Good luck

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Answered on 2/11/09, 2:37 pm
Michael Johnson

Re: Vending Companies Guarantee

Your question is vague and therefore impossible to answer. This "guarantee" you refer to, however, is the type of language I've seen in the past in connection with illegal scams. Proceed with extreme caution.

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Answered on 2/11/09, 3:11 pm


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