07:52 Jun 14, 2018 |
English language (monolingual) [PRO] Bus/Financial - Finance (general) / Loan Agreement | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Daryo United Kingdom Local time: 20:49 | ||||||
Grading comment
|
SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
---|---|---|---|---|
4 +1 | the rights and obligations under this agreement will be transferred to |
| ||
5 | see explanation |
| ||
4 | pass to the benifit of (unchanged) |
|
pass to the benifit of (unchanged) Explanation: Once the borrower dies, the agreement will remain in force and be binding for all parties involved. -------------------------------------------------- Note added at 45 min (2018-06-14 08:37:56 GMT) -------------------------------------------------- This agreement will remain in force ... -------------------------------------------------- Note added at 46 min (2018-06-14 08:39:42 GMT) -------------------------------------------------- my pleasure! |
| ||
Notes to answerer
| |||
Login to enter a peer comment (or grade) |
the rights and obligations under this agreement will be transferred to Explanation: This is not very clear writing, but the overall meaning of the sentence is that if something happens to one of the parties - for example the borrower dies or the lender goes bankrupt or sells the loan - its contractual rights and obligations will be transferred to whoever takes over the debt. Of course, "benefit" strictly speaking means just rights, but "rights and obligations" is how it's usually phrased in this context, both in English and other languages. |
| ||
Notes to answerer
| |||