Question
prepare a demand letter: You represent I. B. Miffed. On January 10, 2021, Miffed lent $10,000 to Jim Nasium, who signed a note promising to
prepare a demand letter:
You represent I. B. Miffed. On January 10, 2021, Miffed lent $10,000 to Jim Nasium, who signed a note promising to repay the note in full on January 10, 2022, along with 10% interest. Nasium has defaulted. He failed to pay by the 10th. Miffed contacted him on January 17, January 19, and January 24, demanding payment. Nasium told Miffed that he would like to pay, but he has a lot going on right now and needs to be very careful with his funds until late in the summer. Perhaps then he can make payment. Miffed has retained the attorney you work for, Bob Loblaw, to collect the debt. Bob has instructed you to prepare a demand letter.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started