QUESTION
My business currently has a secured Line of credit that is up for renewal and will be going into default ?
Asked on May 24th, 2012 on Business Law - Missouri
More details to this question:
Can I buy the loan from the bank with out my partners knowing and use the loan to remove some unwanted partners?
1 ANSWER
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1 Award
Generally speaking, each partner in a partnership owes certain duties of honesty and trustworthiness to his partners. This situation is fraught with problems. See an attorney for proceeding further.
Answered on May 25th, 2012 at 10:25 AM