I invested money stupidly in a business that has failed i would like the person to return my money I have no contract and they say they have lost all the investment
do i have any legal grounds?
2007-03-14 12:10:27 · 4 answers · asked by cd 1 in Business & Finance ➔ Personal Finance
Regrettably not, unless you can prove that the money was illegally handled. It is always a risk to lend or invest in a business or product you don't have control in.
On this occasion, the last in your case, you took that risk without documentation and will pay the penalty unless, as I said, there is some illegality.
2007-03-14 12:16:11 · answer #1 · answered by MANCHESTER UK 5 · 0⤊ 0⤋
this is very dangerous because it will be hard to prove your case since there was no signed contract. Investing your money into something means that u understand the risks involved...this is one of them. You can try to take them to court but i doubt if u can get ur money back. Goodluck
2007-03-14 19:19:01 · answer #2 · answered by 98#$%7 2 · 0⤊ 0⤋
i hate to sound condensending but you have invested in a business that failed and now want your money back?????? Investment is a gamble, and it did not pay off for you, who should refund you????
2007-03-14 19:28:47 · answer #3 · answered by D 5 · 1⤊ 0⤋
Look at my face.
2007-03-14 19:16:06 · answer #4 · answered by marco f 2 · 0⤊ 0⤋