Legal Question in Business Law in Michigan
In a business contract, if the loan and papers were set at $100,00 but in acuality only $70,00 was put in is the contract still valid? I realize this is quite a general statement, but it is the simplest summation of the situation I have.
Asked on 4/11/12, 11:44 am
1 Answer from Attorneys
Timothy Klisz
Klisz Law Office, PLLC
I would say it is valid up to the amount actually loaned. It would require a much more detailed analysis, however. Tim Klisz kliszlaw.com
Answered on 4/11/12, 11:57 am
Related Questions & Answers
-
Hi, we are in the process of becoming a non profit organization, we have our... Asked 3/28/12, 9:27 pm in United States Michigan 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.
