Since the sale of my house in California a friend of mine, who owns a Realty and Investment Company, has had my funds in an investment. As part of the deal "payable on demand" was included in the agreement. But for almost a whole year now getting money out of the investment has been difficult at best. At times I have missed paying bills, gone without prescriptions ect... waiting for promised money to arrive. I asked him to return the money in full once and he replied "4-6 months is the best I can do". Communications with him is getting harder and harder, phone calls go unreturned, emails go unanswered. Those funds are all I have. I'm disabled do to 4 heart attacks. HELLP!
2006-12-12 14:50:16 · 3 answers · asked by Confused 1 in Business & Finance ➔ Investing
This looks like a contract breach since the contract has repayment on request clause attached to it. You can get through a court and if your friend the realtor abused you or something in the process you can even claim Punitive damages too meaning you can claim 10 times more what he owes you. In California the size of Punitive damage may be different. In MI it is 10 times. Contact a Lawyer and go to Court. This age America seem to be getting out of control so do people. So go to Court immediatel with a Lawyer.
2006-12-13 04:38:14 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
of direction the dealership could inspire you to take the deal, and there at the instant are not any real "ethical" regulations related to buisness that say you're able to no longer sell some thing to somebody who won't be able to have the money for it. that's the full part of our economic equipment. there's no criminal recourse, any decide could throw this extra healthy top out of court docket, and any criminal expert stupid adequate to take the case could be laughed out of a activity. You signed the papers, you weren't compelled to, this potential that the aggreement is criminal and you probably did no longer pay any attemtion to what replaced into occurring.
2016-12-30 08:16:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Do you really expect sound advice from this adolescent environment? hey!! I just had a brainwave! contact a lawyer!
sometimes I amaze myself.
2006-12-12 14:58:52 · answer #3 · answered by rvload v 2 · 0⤊ 0⤋