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Help...i need guidance how to split profit
Comments
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Ask him: if the property had tanked in value instead of rising, and you'd wound up with negative equity, would be REALLY have paid off the losses himself without a second thought? Because if he wouldn't have taken on 100% of the loss, he shouldn't be expecting 100% of the profit.0
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If he is certified not to have mental capacity, then a Deputy will be appointed, to act in his best interests.
You will then have to reach agreement with that person.
see
http://www.mind.org.uk/information-support/legal-rights/mental-capacity-act-2005/
If he is not certified, then the legal assumption is that he does have mental capacity - so you will have to agree with him.
I'm not sure that assumption always stands where the other person has reason to believe they may not have capacity."Real knowledge is to know the extent of one's ignorance" - Confucius0
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