Timeline for Am I allowed to use borrowed money for something else?
Current License: CC BY-SA 3.0
3 events
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| Nov 18, 2011 at 7:48 | comment | added | rony | I think the way to analyze it is: Does the lender have any rights on the money? I know of a case of a fairly rich man that gives money to the needy only after he agrees on what they are going to do with it. He got very angry once when they decided to buy a used car which he thought was no so reliable... So during the transaction it has to be explicitly stated/signed/witnesses etc. otherwise it may not be a valid condition. | |
| Nov 18, 2011 at 7:37 | comment | added | msh210♦ | The question then is whether "I need $10,000 for X" counts as a condition. | |
| Nov 18, 2011 at 4:15 | history | answered | rony | CC BY-SA 3.0 |