Legal Question in Business Law in California
Bond Question
I own a private note issued by a private corporation. They are refusing to pay and ceasing all contact. Does anybody have a course of action for me?
4 Answers from Attorneys
Re: Bond Question
You may promptly sue for breach of contract. If you would like aggressive legal assistance in this matter, email us directly with your request.
Re: Bond Question
There's no magic here. Sue.
Re: Bond Question
You can bring a lawsuit against the corporation. Sometimes, the individuals could also be liable if certain corporate obligations were not met. Please contact me if you have any other questions.
Re: Bond Question
Is the note due?
If it is, and you have presented it for payment and been rebuffed, you have a cause of action for breach of the promise to pay contained in the note.
Depending on the amount, you may wish to sue in small claims or hire a lawyer to present your case in superior court.
If the promise to pay is secured or collateralized in some way, that adds an extra dimension and should probably be addressed to a lawyer with collections and/or secured transactions experience.
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