Friday, May 8, 2009

Bava Metzia 13 - Loans and Real Estate (Finds)

If one found notes of indebtedness, he should not return them neither to the creditor nor to the borrower.

If the creditor has the note, he can use the note as evidence that the debt has not yet been paid. If the debtor has the note, he can produce it to prove the debt has been repaid. Thus, if the debtor does not admit to the loan, the note can't be returned.

Furthermore, a loan creates a lien on the properties the debtor sells after the loan has been made. Even if the debtor admits to the loan, it can't be returned because the creditor and the debtor may have colluded to defraud the buyers of these properties.

Art: The Letter-Writer Surprised by Gabriel Metsu

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