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Take a loan from the bank...........
no
statute of frauds contract must be in writing
It depends on your contract and the terms of the payoff.
If the vehicle is/was encumbered by the original loan then it should be insured. If there is no insurance or the insurance does not cover theft the purchaser is still responsible for the full amount of the loan. The issue of the vehicle being stolen does not affect the legal responsibility of the buyer to honor the loan contract.
Absolutely. You signed a contract to pay for a loan of money. It doesn't matter whether you still have the property that was purchased with funds from the loan. The promissory note is a contract to pay and is enforceable in court.
A contract for a car loan does not expire. A borrower must pay the balance on the loan in full, according to the terms, in order to take ownership of a car. A lender can repossess a car at any time due to a default on the loan, even if there is only one payment left.
when you request a loan, the institution will give you a contract or paperwork of the loan. In the contract of payment, you will find any details regarding the loan: interest, amount, amortization and other the terms.
An imperfectly bilateral contract is a contract in which one party has already fulfilled their obligations, while the other party still has outstanding obligations to fulfill. This type of contract is not fully bilateral because one party is yet to complete their part of the agreement.
Yes you are.
loan
The difference between loan licensing and contract manufacturing is that a loan licensing business has the ability to give out loans to their customers. A business that seeks out a contract manufacturer is looking for a company to manufacturer his or her products.