– Re: Contracts in Infancy
In Reply To
the juridical person was created by the State and therefore liable for its debts and obligations, ie utility bills. if you stop paying the utilities they will get shut off. As the bc is indemnification might it be time to communicate with the State to have its persons obligations paid? if you transfer property that is in name to trust does not cause any liabilities to cease. the trust becomes liable so if you are trustee you're still surety, what then really changed? nothing much, just different juridical person with a trustee liable. where is the "money" coming from to pay the utility bills or other obligations that are of the trust? how trust is established is of knowing how and what is the res and how are matters settled and with what and by whom.