Word: creditors
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...reckoning for the computer is nigh. Under a bill signed last week by President Ford, a creditor will be required to answer a customer's inquiry about a charge within 30 days. While the discussions go on, the creditor is forbidden to send out any heavy-handed letters. Should a company fail to explain or correct its bill within 90 days, the charge will be forfeited if it is $50 or less. What is more, the harried consumer can bring suit for civil damages and collect a minimum of $100 from a firm that violates the act. To give...
...things: that the defendant indeed lied, that he knew the statement was false, and that what he lied about was significant to the case. Further, the proof must be exceptionally precise. Last year the Supreme Court threw out the perjury conviction of Movie Producer Samuel Bronston. Asked by a creditor's lawyer if he had ever had a Swiss bank account, Bronston answered under oath: "The company had an account there." Though the answer seemed to imply-falsely-that Bronston himself had not had an account, the court held that "a wily witness" may escape "so long...
...Chief Creditor. As for the U.S., said Brezhnev, "it is indisputable" that the recent improvement in Soviet-American relations "has helped attain other aims for which socialist countries have long struggled." Though he alluded to Pentagon efforts to intensify the arms race, he avoided any direct criticism of the U.S. Indeed, even while Brezhnev spoke, Soviet Deputy Trade Minister Vladimir Alkhimov was in the U.S. meeting with businessmen to discuss joint economic ventures and most-favored-nation trade status for Moscow...
...months later the President finally found the "compatible" buyer he required for the 20-odd acres of land that he wanted to sell. Until last week's accounting, this buyer had been identified by the White House as the presidential creditor: Abplanalp. In fact, said Nixon's auditors, the property was bought by both Abplanalp and Rebozo. To buy the land from their friend in the White House, the two men became "co-partners doing business under the firm name and style of B. & C. Investment Co." Nixon spokesmen explained that Abplanalp later bought out his partner...
...been garnisheed by a loan company trying to recover a debt; the court ruled that such garnishment was illegal unless the victim first got a due-process hearing. Last year the court reviewed Florida and Pennsylvania statutes governing the repossession of furniture and other merchandise and ruled that no creditor could get a court order or a sheriff's help in taking back his goods without first giving a hearing to the customer accused of being delinquent. Since then, repossession statutes have been quietly dying in a number of states, most recently in Alaska, Iowa and Massachusetts. Along with...