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Authored by: Steve Martin on Thursday, August 30 2012 @ 08:49 AM EDT |
IANAL, but I can't see how.
The loan agreement is between two parties: Seung Ni on
one hand, and TSG on the other. If Seung Ni wanted to sell
their end of the deal, it would no longer be an agreement
between the two original parties; there would by definition
no longer be a contract, unless TSG agreed to the transfer
and agreed that their agreement was now with the
prospective buyer.
Of course, I could just as easily be wrong. Mortgage
companies do it all the time. I once received a letter from
the company holding my house mortgage informing me that
they had sold the mortgage account to another lender, and
that my payments would be going to the new lender going
forward. So I guess it's not unheard of.
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"When I say something, I put my name next to it." -- Isaac Jaffe, "Sports Night"[ Reply to This | Parent | # ]
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