Bank had extended Purvis a two-year loan with no pre-payment penalty to purchase a car. Purvis fell behind in his payments prompting Bank to write him a letter stating, "If payments are not resumed by January 15, we will be forced to repossess your car.

Purvis's Aunt Mattie,stated she will assume all payments on his car Purvis agreed. four months later Purvis totaled the car and died of his injuries. the Bank sued Aunt Mattie for the remaining payments due on car.

Was a valid agreement formulated between Purvis and his Aunt Mattie?

Will Bank prevail in its suit against Purvis Aunt Mattie for the remaining payments due on his car?

Answer rating: 100% (QA)

Regarding the agreement between Purvis and his Aunt Mattie there seems to be a valid agreement formulated Purviss Aunt Mattie stated that she would assume all payments on his car and Purvis agreed to ... View the full answer