Elder wrote:Aii. Hata a share of the loan anataka. Will she also pay back her share of the loan plus interest? Wonders never cease!
The loan part is quite comical. Does she imagine that banks give loans to people to spend on anything? Loans are given to finance specified projects. What she should be eying is the project....
But that also reminds me of another case where a woman was claiming to be given 50% of a certain property "and it's bank account" after a divorce.
She was eying the 500k monthly rent collected - her share would be 250k. After much negotiation, the ex-husband decided to let her have 100% of this property on condition that she lays no more claim on anything else. This was by far their largest investment as a couple.
She agreed and signed the papers.....
On the first month and the release, she was shocked to realise that the property had an outstanding mortgage whose monthly instalment was 750k. The bank collected the full rent of 500k and still sent her a demand notice for the remaining 250k
Moral: be careful what you wish for, you might just get it!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.