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Subject   (reply to 6536)
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>> No. 6536 Anonymous
21st August 2016
Sunday 12:52 am
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What happens if I take out a giant loan, give the money to someone else and then die? Assume I have no assets.
Expand all images.
>> No. 6537 Anonymous
21st August 2016
Sunday 1:03 am
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It's how you give the money and how you die. Coroners are clever.

I'm easy for some cash though. Get in touch.
>> No. 6538 Anonymous
21st August 2016
Sunday 2:42 am
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The dead have no debts, they will try to get the money out of your estate by making legal sounding threats to your executor though.
>> No. 6539 Anonymous
21st August 2016
Sunday 2:57 am
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>The dead have no debts

Yes they do which is usually settled through probate. Technically the debt is passed on to some other poor bastard but it's a waste of time knocking on your coffin door for some money.
>> No. 6540 Anonymous
21st August 2016
Sunday 3:07 am
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This is assuming I have no estate.
>> No. 6541 Anonymous
21st August 2016
Sunday 4:42 am
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>It's how you give the money and how you die. Coroners are clever.

Fraud is what immediately came to my mind too. Saying that if we assume OP is working rogue another spin on this would be the mistake as to identity in contract law but its anyone's guess how that will go especially when the Consumer Rights Act wouldn't apply to a bank loan which is what precedent has been built around.

Best bet is to get the money, buy something off your beneficiary (in a face-face deal that is entirely reasonable) and then once the money has changed hands throw yourself off a cliff. The exchange with your beneficiary is essentially a separate deal and as a result courts are reluctant to intervene if its all above board as it would essentially be theft. Spare a thought for our humble casino owners if that wasn't the case.

Before you throw yourself off that cliff though! Whoever you want the money to go to had best have some antique cars or something laying around for you to buy as the moment a court sniffs funny business the contract of sale is liable to be seen as void rather than voidable. If they do have something like that laying around it defeats the point I imagine but then so would killing yourself over the price of a packet of pork scratchings.

Note: I'm drunk, contract law is not my calling, mistake as to identity is an unknowable mess and crime doesn't pay. I just like to explore hypotheticals.

>I'm easy for some cash though. Get in touch.

I smell an arse pissing.
>> No. 6543 Anonymous
21st August 2016
Sunday 8:19 am
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If you take out life cover suicide generally only invalidates the policy for the first 12 months, so you'd be better arranging shitloads of cover before offing yourself a year later.
>> No. 6544 Anonymous
21st August 2016
Sunday 1:53 pm
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Is this mistake of identity thing the same line of thinking as for an insurance front?
>> No. 6545 Anonymous
21st August 2016
Sunday 7:24 pm
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Nah its a different kettle of fish. Like >>6543 highlights the insurer will have included all sorts of clauses to ensure they don't have to later hand over the money whereas taking a mistake of identity angle money has already been handed over. Essentially if they haven't handed over the money they will tell your beneficiary to go fuck himself.

For example (and to branch out into another area which is why I'm terrible at contract law) those of you looking to front car insurance for your kids should be cautious as companies usually include a clause to say that any attempt to commit fraud to lower costs invalidates the policy if its not already illegal.

In terms of life insurance you also have to consider that a payout would go to your estate (its illegal to take out insurance on another persons life) so it would be possible as the money has not been handed over to claim it back.

If you would like to know more google Lewis v. Averay.
>> No. 6546 Anonymous
21st August 2016
Sunday 7:58 pm
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>its illegal to take out insurance on another persons life

Nope. Life of another policies. Also, life policies can be sold and traded on.
>> No. 6547 Anonymous
21st August 2016
Sunday 11:03 pm
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Looks like I was wrong. Still I think the point stands that it is immensely difficult.
>> No. 6616 Anonymous
19th September 2016
Monday 4:45 pm
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Right, OP, I am fairly (very) certain I know the girl in your picture and it's bothering me. Even down to the fact that she's hugging a Miliband, it's all too coincidentamental. And I know that I have people on facebook who use this site - but rules 1&2, IDST.

Did you? Did you do it? We know you did it. Put it back. It's creepy when it's someone you know.

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