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Took loan on behalf of a friend not paid installments.notice from Co.


23-Nov-2023 (In Recovery Law)

THE STORY BEGINS in 2010 WITH A, B & C. A & B were friends & C is a finance company.B wants to buy a second hand car through C but since he was a student it was impossible. 'A' was already doing a small job.A helped B to get finance from C for 70k. A risked his own 24 cheques to the C because B promised to manage all the 24 instalments.B paid 2 instalments and failed. C started presenting the cheques into A's bank continuously. A's account was closed in 2011. C keeps on sending the notices every year promissing to take action according to negotiable instrument act on A. What is risk for A now?

Answers (1)

Answer #1
512 votes
As your Question is half relevant and half irrelevant the first of your question as your Friend take laon to buy a second car for B on Loan from C taken By A. The question is half Hated as you are not relevant to the point. That is ok that you take laon for B to buy a car and the car is in the name of B is there any evidence for this that, first confirm in that if it with you there is possibility to recover the amount from your friend.

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