Re: Example of a $1 contract

Posted by computerguy (204.180.131.3) on January 20, 2004 at 15:27:43:

In Reply to: Re: Example of a $1 contract posted by SteveX on January 20, 2004 at 15:16:30:

I'm leaving the forum for the rest of the day and will return tomorrow to field questions. What you do is set up a legal Novation. Keep in mind the below is a excerpt from the manual.

To set up a novation you must accept the full dollar value of the debt. Once you accept the debt you offer a monthly payment schedule to pay off the debt. Any amount will legally bind a contract once accepted by the creditor $1 or more ...in the court case I used $50 ... it was a debt of over $20,000.

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