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Minnesota Commercial Law Lawyers

Frequently Asked Questions

  • What is Redemption?
    Redemption is a legal term that describes a debtor’s action of reclaiming collateral that a creditor took legal possession of pursuant to the terms of a secured loan. Typically, a … more
  • What is the Retail Installment Sales Financing Act?
    A Retail Installment Sales Financing Act is a state law that governs retail installment contracts. A retail installment contract is one where the lender maintains title to the property, such … more

Legal Articles

  • Common Contract Terms Explained
    In every contract there are invariably a slew of legal terms and conditions that, regardless of the contract’s purpose, go unchanged and often unchecked by the contracting parties. These terms and conditions are often referred to as the contract’s “boilerplate” language.  Most people don’t give these sections a second thought, and it’s typically a … more
  • Defenses to Repossession
    It can be easier to get a lender to agree to loan you money if you provide the lender with a security interest in the property that you are purchasing with the loan money. Most lenders who provide loans for automobiles and real estate take security interests in the property that is being purchased with the loan money, for example. Then, if the borrower defaults on the loan, the … more

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