Legal Question in Business Law in Arizona
default on barter agreement
how does the state of arizona look at a defendant who defaults on a loan but where there were no personal guarantees secured
Asked on 6/14/08, 9:09 pm
1 Answer from Attorneys
James Jenkins
Jenkins Law Center PLC
Re: default on barter agreement
If you are a party to a loan, as a debtor, you owe if you default. If you are a surety, you owe in case of default. You do not provide enough details for a proper answer. The answer depends upon the paperwork or the agreement at hand.
Consult with an attorney, but be prepared to reveal all facts and documents.
Answered on 6/16/08, 9:45 pm
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