Someone is going after me for a 10 year old loan that he verbally said was forgiven.

Clarification needed: Were the investment and the loan made to the corp or to you personally. If to the corp, were they listed as debts of the...

Re: When money changes hands, doesn't that constitute a third-party agreement?

We at AVVO volunteer our time to help thepublic, not students. Plz do your own law school homework. Pls cite Virginia state or federal statutes.

Is it legal to sell a mobile home on my property and the money made on it build a new home without changing the deed of trust

As always, it depends on the language of the deed of trust. In particular, was the mobile home listed as part of the mortgaged property? If so,...

Real Estate: Should I take legal action or what options do I have?

Your options depend on what the language of the contract was. Giving it the most favorable interpretation to you, it sounds like he breached the...

Are verbal agreements contractually binding without a written contract?

Oral contracts can be enforced in certain circumstances. (Written contracts are also “verbal” because they use words.) The Statute of Frauds...

Who gets the money from a LI policy where both the holder and beneficiary have passed away?

Generally the policy provides for succession in event of prior death of the named beneficiary. State law and fairness have no effect on that. You...

Would like to understand the clause "date of delivery of goods is of the essence"

Are you really going to go through this whole contract and ask AVVO to explain each term of it? That’s not what we are here for. Each clause of a...

Would like to understand the meaning of "sole discretion"? Does that mean its only and only that party's choice?

No, Seller can’t ignore the situation. The contract lists a series of possible remedies that the Seller may provide as the Seller decides in...

When I start collecting social security can my wife and I split profit from our business so I won't lose benefits?

Above lawyer poses Qs re various possibilities. I will take a shot at the most likely: that you are old enough to start to collect Social...

What corp? Is it an LLC or what? When you try to dissolve an LLC in CA, you must list all creditors including plaintiffs and payment of the debts...