Gyodae Loan Attorney | Gyodae Civil Attorney Assists in Successfully Recovering the Full Loan of About 200 Million Won

The client who came to a Gyodae loan attorney came to claim the return of a loan at the encouragement of an acquaintance.

The client lent money after the acquaintance said that, if the client entrusted funds to him, he would earn a large sum on the client's behalf.

Although the client was suspicious of the acquaintance, the client was reassured upon seeing him hand over the land ownership register and lent the large sum of about 200 million won.

However, the acquaintance failed to repay the loan even by the agreed repayment deadline, offering various excuses.

Angered by this, the client sought the assistance of a Gyodae loan attorney for a claim for the return of the loan.

■ Relevant Statutes on Loans Explained by a Gyodae Loan Attorney

▶Civil Act, Article 598 (Definition of Loan for Consumption)

A loan for consumption takes effect when one party agrees to transfer to the other party the ownership of money or other fungible goods, and the other party agrees to return goods of the same kind, quality, and quantity.

▶Civil Act, Article 390 (Default and Damages)

If an obligor does not perform in accordance with the terms of the obligation, the obligee may claim damages. This shall not apply, however, where performance has become impossible without the obligor's intent or negligence.

▶Civil Act, Article 393 (Scope of Damages)

(1) Damages for default shall be limited to ordinary damages.

(2) Damages arising from special circumstances shall be recoverable only where the obligor knew or could have known of those circumstances.

The Gyodae loan attorney argued that the defendant had approached the client deliberately in order to obtain the loan.

The defendant and the client were originally strangers, but they grew close as a result of the defendant's continued approaches.

The Gyodae loan attorney argued that the defendant had approached the client in order to obtain money, and that the failure to repay the loan in the end was a deliberate act.

The Gyodae loan attorney argued that the defendant had regularly lied to the plaintiff.

In order to obtain money from the plaintiff, the defendant stated false facts, claiming that he had the means to make money, and thereby induced the plaintiff to lend the money.

On this basis, the Gyodae loan attorney pointed out that the defendant had deliberately stated false and untrue facts in order to win the plaintiff's favor.

The Gyodae loan attorney argued that the defendant should pay the plaintiff delay damages corresponding to the period by which repayment of the loan had been delayed.

The plaintiff experienced significant stress because the loan was not repaid by the defendant for a long time even after the repayment period had passed.

The Gyodae loan attorney argued that the defendant was obligated to pay the plaintiff not only the loan but also delay damages.

The Gyodae loan attorney provided full assistance toward the complete return of the loan in the client's claim for the return of a loan.

At Daeryun Law Firm, a specific plan is determined through consultation with the client, and assistance is provided through the litigation experience and knowledge of attorneys who handle these matters.

If you are dealing with a matter similar to that of the client above, you are welcome to come to a Gyodae loan attorney at Daeryun Law Firm.