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Are there legal consequences for placing bogus contracts into escrow in order to fool the construction bank?
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6 Responses to Are there legal consequences for placing bogus contracts into escrow in order to fool the construction bank?
of course you better be careful
General legal knowledge. Nothing herein shall be construed as legal advice.
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It is fraud! Report what you know to the bank anom style & bail! Anyone screwed enough to pull that kind of stunt is liable to come after you with a bat for speaking up! Just think about what could happen to the friends credit if they are stuck in those contracts!
Contractual Law CSU Chico aka Business Law
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It is commonly known as fraud, is illegal and if you/he are defrauding a bank (federally insured) it may (probably) be a felony.
Contractual Law CSU Chico aka Business Law
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you will be put in jail and be fined
Contractual Law CSU Chico aka Business Law
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Anything put into contract is binding. If cancellation is done with in the time allowed I don’t see any thing wrong with taht. It’s a loop hole.
Contractual Law CSU Chico aka Business Law
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This is fraud.
Anyone who says that anything put into a contract is legally binding doesn’t know a thing about the law. Just because someone signs a piece of paper, it doesn’t make the contract legal. For example, two people can’t enter into an agreement for you to become their employee and work for free. Such a contract is not legal. This is why legal questions should be asked to a qualified attorney only.
Contractual Law CSU Chico aka Business Law
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