cross-posted from: https://linkage.ds8.zone/post/341870
I signed an agreement with a creditor that obligates me to pay them using a bank inside the country. This was fine initially but then I moved out of the country and the acct was closed. Other banks will not open an account for me and the creditor refuses cash. So the creditor is treating me like a non-payer to a quite harsh extent.
I have over-simplified here but I just want to know very generally what the common practices are around the world for contract law situations where someone without much bargaining power signs a contract that obligates them to do something that’s only achievable if other 3rd-parties agree to serve them, and then those other 3rd-parties later refuse.
BTW, I am not interested in advice on situational hacks and angles like “find a friend to pay for you”. I want to know how courts treat the situation when all options have failed. Are people typically held accountable for agreeing to something which relied on actions of others?
(the situation is not in the UK but I am still interested in answers as to how these kinds of situations are dealt with in the UK)
Legal tender also has some hoops to jump through, you can’t just scream legal tender and throw physical money at your creditor¹. If I remember rightly you need to lodge it with the courts and then it basically prevents you from being sued as the money is there to pick up. Or rather they can begin the process but it is resolved and the court won’t assist them in recovering it in other ways.
Of course I don’t think it does anything to protect your credit rating, though the documents might help you dispute the record and get it cleared.