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Thursday, May 24, 2007
More dangerous advice from Robert Paisola
Continuing his trend of offering consumers dangerous advice, then using that to lure them to enroll in his "VIP" program for which they pay a fee, Western Capital CEO Robert Paisola recently stated the following to a co-signor in need of help:
"If you co-signed as a minor, then there is nothing to worry about."
There is indeed a lot to worry about.
With a few exceptions, minor contracts are voidable. However, in many jurisdictions, the minor must seek to void the contract will still in minority, or the contract becomes ratified upon their reaching the age of majority. In other jurisdictions, the contract becomes ratified if the individual fails to have the contract voided within one year of their reaching the age of majority.
This consumer needs to contact competent legal counsel for his situation. Not listen to the useless and incompetent advice of Western Capital CEO Robert Paisola who doesn't have a clue of what he's talking about.
"If you co-signed as a minor, then there is nothing to worry about."
There is indeed a lot to worry about.
With a few exceptions, minor contracts are voidable. However, in many jurisdictions, the minor must seek to void the contract will still in minority, or the contract becomes ratified upon their reaching the age of majority. In other jurisdictions, the contract becomes ratified if the individual fails to have the contract voided within one year of their reaching the age of majority.
This consumer needs to contact competent legal counsel for his situation. Not listen to the useless and incompetent advice of Western Capital CEO Robert Paisola who doesn't have a clue of what he's talking about.