The Stamp Collection is Worthless!
James and Andrew were friends for five years. When Andrew needed help with his mortgage payment and his child support payments, he turned to James. His friend had no problem lending him the money to help him out of this predicament. He loaned him $5500.00. Andrew agreed to pay James back the money within one year. They did not have anything in writing, but they both agree the money was a loan and it was supposed to be paid back. What they do not agree on is how the money was going to be paid back. James thought he would get money, Andrew was giving him some cash and items of unknown value. How is he going to know when the debt is paid back? The first item was a watch. James had it appraised at $1400.00. James thought this was being given to him as collateral on the loan. Andrew was giving it to him as payment. The next item was a stamp collection. Neither men had an appraisal done. How did Andrew know how much he was paying back to James? Andrew said the value of the stamp collection would satisfy the loan. How does he know this when he did not have the collection appraised? James did take it to have someone look at it, but did not pay for an appraisal. He does not have anything in writing regarding the value of the collection. He did not want to pay for the appraisal. You really can not blame him. Why should he spend money to find out the value of this item? James watches as Andrew lives a very full life. Andrew went to Africa to get married. He also had an extended honeymoon in Vegas. After that, there was a party at a clubhouse. James felt he should get his money back before Andrew spends it. James even said he would have been okay with a payment plan. When he asks Andrew again for the money, Andrew gets really angry. He thinks he has satisfied the loan with the stamp collection. Andrew explains that his wife has paid for all of the trips and the party. This is the same wife that he has split up with, he says because James has been harassing him for the money. Andrew also believes his wife had a relationship with James. Who really knows what is going on? We do know that Andrew does owe James the money. Since he gave him some cash payments and the watch, the balance is $2350.00. The stamp collection is returned to Andrew since no one can confirm the value. I think it is a shame that Andrew took advantage of his friend. Who will lend someone that amount of money with such relaxed terms of repayment. I really believe that if Andrew would have made some attempt to pay his friend back, they would have remained friends. What do you think?
Who Turned On the Lights?
Casey is suing Jean for $1500.00. They had a written contract for the rental of a ballroom. Casey had planned the wedding reception to be from 8:00 pm to 3:00 am. The wedding planner had approached Casey and said she needed additional time for the setup of the reception hall. He did not agree to changing the time. Unfortunately, he had signed over all decisions to the wedding planner and the mother-in-law. This was not a good idea. He entire case rests on the fact that he was not the final decision maker. He might have said no to the wedding planner, but then he was overruled. Unfortunately, he did not know about the change of plans. At midnight when the lights were turned on, his bride burst into tears. She was so upset that her wedding reception was ruined. By the time Jean was notified about the problem and was doing everything to solve it, the guests were leaving. This is a shame. A woman's wedding day is so important, no one should ruin it. Things happen and they get handled, but this should never have occurred. The wedding planner should have respected Casey's decision. Casey should not have given the final word to anyone else. Because he gave away his authority, Casey loses this case. The Judge encourages him to sue the wedding planner. She gives him advice on how to proceed. I think there comes a time to cut your losses and move on. I do not think he would win since he did give away the decision making. I hope Casey and his bride can remember the fun they had at the reception. His bride says it was ruined, that is not a good memory to have. Her guests must have enjoyed themselves until the lights went on. Remember the fun, forget about the bad stuff. Blaming the mother-in-law for ruining the wedding is not a good way to start a marriage. What do you think?
The Loan Is Approved - The Loan Is Denied!
Foday and Alhaji, father and son, purchase a used car from Michael. The loan application is filled out by the dad. He says he is the owner of his own business. They leave the lot with the car, pending bank verification of the loan. Michael says this is common practice. Typically, there are no issues with this process. This time there is a problem, a major problem. A week after the purchase, Michael lets them know the bank denied the loan. The car needs to be returned. This should be the end of the story, but it is not. The car had been vandalized two days before the phone call. Someone threw a brick at the car and it broke both the front and back windshields. There is also some minor body damage. There is insurance on the car and everything is covered. The car is repaired. Michael picks up the car from the auto repair shop. Again, the story should end here, but it does not. Why are we in court today? Foday and Alhaji paid $4000.00 for the car, Michael does not want to return the money. He says the car has depreciated by this value because of the damage and the additional mileage. Is he kidding? The car was fixed and he had to know it was going to be driven. It's a car! Michael does not have any evidence of the depreciation. He claims that non standard parts were used for the repair, he cannot prove it.He has no proof from the bank regarding the reason for the denial. What he lacks in evidence, he makes up in personality. He does have a charismatic smile. He continues to smile while the Judge rules against him. He has to give the money back for the sale of the car. He had no right to keep it. Michael continues to smile as he says, " She's kind of hot!" He leaves the court smiling and glad his customer is happy.
Please share your thoughts in the comments. Thank you for joining me.
A delay is better than disaster.
-Unknown
No comments:
Post a Comment