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Recourse and Non Recourse Loans

  • 12-07-2012 10:27am
    #1
    dewdrop
    Registered Users Posts: 265 ✭✭


    The media seem to think the ordinary person do not understand the significane of the above and other matters like Joint and Several Liability. Just wondering are they underestimating our general knowledge.


Comments

  • #2
    kkelliher
    Registered Users, Registered Users 2 Posts: 1,583 ✭✭✭kkelliher


    dewdrop wrote: »
    The media seem to think the ordinary person do not understand the significane of the above and other matters like Joint and Several Liability. Just wondering are they underestimating our general knowledge.

    Although many do understand, I would think the general public would not generally understand this issue and the terminology


  • #3
    Kosseegan
    Banned (with Prison Access) Posts: 987 ✭✭✭Kosseegan


    What has this got to do with this forum?


  • #4
    dewdrop
    Registered Users Posts: 265 ✭✭dewdrop


    the issues mentioned are of a legal nature..If i posted in an incorrect forum i apologise


  • #5
    Procrastastudy
    Closed Accounts Posts: 6,224 ✭✭✭Procrastastudy


    dewdrop wrote: »
    The media seem to think the ordinary person do not understand the significane of the above and other matters like Joint and Several Liability. Just wondering are they underestimating our general knowledge.

    Have you watched Talafornia?


  • #6
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,448 ✭✭✭✭Marcusm


    Personally I always find the idea of a non recourse loan tautologically odd; it should be referred to a limited recourse loan (limited to the asset or whatever). A true non recourse loan would in fact be a gift!!


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