Legal Question in Business Law in Utah

Trust Deeds

If the owner of a gas station is behind according to the vendor $269000.00 in gas invoices and has you sign a trust deed and the deed says you will pay $300.00 per new invoices toward the 269000.00 at 6% then from the day you sign the vendor is taking money and appling it toward back invoice and takes your credit cards (credits) toward the back invoice and has you pay interest invoices for the rear which ammounts to more than you should of paid is it right to asume that the 269000.00 was a fixed ammount to be paid that according to the agreement only $300.00 per future invoice should be aplied does his agreement stand


Asked on 3/17/04, 11:03 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Trust Deeds

The terms of your written agreement govern what is to be paid. Without reading the agreement it is not possible to know. You facts are also not clear as to how payments are being made. (I.e., $300 per invoice, but how many invoices and how often?) You will need to consult with an attorney who can read the contract and get all of the facts.

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Answered on 3/18/04, 8:59 am


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