Assistance from a Jinju Loan Claim Attorney | A Jinju Loan Claim Attorney and a Loan Claim of 100 Million Won Upheld

This is the account of the client who requested the assistance of the Jinju loan attorney.

The client first met the defendant two years ago at a social gathering arranged through social media.

The two were the same age and quickly became close, and not long afterward the defendant asked the client to lend him funds for his business.

The client trusted the defendant and lent a substantial amount of money, but the defendant has still not repaid it.

Unable to recover the loaned money and experiencing financial difficulty, the client ultimately entrusted the case to the Jinju loan attorney of Daeryun Law Firm.

Statutes relating to loans explained by the Jinju loan attorney

■ Civil Act Article 598 (Definition of Loan for Consumption)

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

Civil Act Article 390 (Non-Performance of Obligation and Damages)

Where an obligor fails to perform in accordance with the substance of the obligation, the obligee may claim damages. This does not apply, however, where the performance has become impossible without any intent or negligence on the part of the obligor.

■ Civil Act Article 393 (Scope of Damages)

(1) Damages arising from non-performance of an obligation are limited to ordinary damages.

(2) The obligor is liable to compensate for damages arising from special circumstances only where the obligor knew, or could have known, of such circumstances.

Although the defendant was required to pay interest each month after borrowing the money from the client, he offered various excuses and refused to pay the interest.

Accordingly, the Jinju loan attorney argued that the client had not received even the interest, let alone the principal.

The Jinju loan attorney submitted as evidence the certificate of borrowing drawn up between the client and the defendant.

On that basis, the attorney argued that the defendant was obligated to pay the full amount of the loaned money together with delay damages.

As with the client in the case above, if you find yourself in a difficult situation because you have been unable to recover loaned money, it is advisable to seek the assistance of a specialized attorney.

In order to provide professional and systematic legal services, the Civil Group of Daeryun Law Firm handles cases together with specialized attorneys.

If you are experiencing difficulty in a situation similar to the case above, please entrust your loan case to the Jinju loan attorney of Daeryun Law Firm at any time.