I have a business and the client is not paying me on net30 agreement we had. Is this demand letter with interest rate good ?
If your client is a business.. its good. If its a residential consumer 1.5% per month may be usury under Michigan statue.
Farmington Hills, MI
Real estate Lawyer at Farmington Hills, MI
Practice Areas: Real Estate, Environmental and Natural Resources ... +3 more
If your client is a business.. its good. If its a residential consumer 1.5% per month may be usury under Michigan statue.
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you don't say how long ago it was but its unlikely to cause you harm.
2006? probably not ..even if there was a cause.. its probably barred by a statute of limitation.
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I assume you purchased it from a dealer -- if not you may be out of luck. I strongly suggest you consult with a consumer protection attorney. One...