Is it a legal binding contract if two people sign an agreement contract draw up by both parties?

Answers:2   |   LastUpdateAt:2012-10-20 07:43:05  

Question
Batul
Asked at 2012-09-18 09:00:03
the loan contract is signed by both parties together when they were a couple and now she wants to split half the cash and says he will take care of this car payments written contract that both parties will sign if this will nessesary to standing in a court of law
Answer1majentaAnswered at 2012-10-01 12:51:03
If the contract does not violate state law and common (ie , consideration, unconscionability , duress , fraud, forgery , etc. ) , then it is a legally binding contract . However, it is best to notarize the contract or obtain any legally sufficient seal for future litigation if there will be a sufficient and convincing piece of evidence.
Answer2BbananasplitAnswered at 2012-10-20 07:42:42
The answer is that the agreement signed by both parties (ideally witness also ) is " standing " as between the parties themselves. It has no effect vis a vis the legal relationship between the lender and the loan agreement signatories . MedlinePlus Example : MedlinePlus A and B are parties to a loan agreement . MedlinePlus A agrees to take over payments on the loan contracts of B and both agree to this in a signed document. A defect Unfortunately, payments and loan company called loan. MedlinePlus A and B are then both jointly and severally liable to the lender (unless the lender is willing to be party to the agreement between A and B ) , but by the agreement between them , B can obtain compensation ( or contribution ) of a and its responsibility to the loan company . MedlinePlus In the circumstances of the default situation shown above , if A can not afford and do not have money , then B does not help one iota if you have a signed agreement with A or not - you will have to repay the loan.
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