2006-07-02 10:20:26 · 10 answers · asked by ginisin1972 1 in Politics & Government ➔ Law & Ethics
nope, you have to surrender their property then go through the proper pathways to obtain your money...ie, small claims court, etc...
2006-07-02 10:23:31 · answer #1 · answered by BeachBum 7 · 0⤊ 0⤋
Unless you have a specific written agreement concerning the amount of money owed and the personal property held as collateral, you may not keep the items. Ethically you should give them back the items. You can use this to guilt them into payment. If you want to get nasty about it, go sell the items and keep the proceeds.
2006-07-02 10:25:39 · answer #2 · answered by bcdestroya 2 · 0⤊ 0⤋
You can't. Talk to them, maybe they don't know that. Tell them that if they can't pay you back then you will sell their items to make the money up. That will usually get their attention. I have friends that owe me money and tend to think its okay to ask for more while they still owe me some. Just remember that loaning money is never a good idea if you really expect to get it back.
2006-07-02 10:26:17 · answer #3 · answered by sukesgirl 4 · 0⤊ 0⤋
Depends on the laws of your state and wether the items you are holding are worth more than they owe you,and whether you can prove they owe you money.Do you have a signed i.o.u.? A promissory note?If it's substantial,take 'em to court!
2006-07-02 10:28:12 · answer #4 · answered by thetdw 4 · 0⤊ 0⤋
Not legally unless you have a written loan agreement that provides those items as collateral.
2006-07-02 10:23:32 · answer #5 · answered by RDHamm 4 · 0⤊ 0⤋
YES. This is done with a legal notice of intent. You make out the notice of intent and give them time to pay or quit. Then you send it to them CERTIFIED RETURN RECEIPT REQUESTED! wait the qualifying time and it is yours to do with as you please. BUT........DO NOT DESTROY THAT LETTER IF IT COMES BACK UNANSWERED OR UNDELIVERABLE because you are going to want it for court later!
2006-07-02 10:34:35 · answer #6 · answered by daneland2 2 · 0⤊ 0⤋
You could always "lose" the items.. untill this person happend to "find" your money and give it to you..
2006-07-02 10:24:52 · answer #7 · answered by calispinz 2 · 0⤊ 0⤋
no but the next time you have with him dont charge and he wont owe you a thing
2006-07-02 10:43:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋
hahaha yea id keep em until either the other person pays or has the police come.
2006-07-02 10:23:01 · answer #9 · answered by tampabay5400 1 · 0⤊ 0⤋
No. That's called conversion and it's not legal.
2006-07-02 10:23:48 · answer #10 · answered by Dave R 6 · 0⤊ 0⤋