Q: If somebody paid money into your business account and only let you know 2 weeks later of this and some was used
Its a business account and stoporders and monies goes in and out. And i paid some back when i became aware of it. Now they threaten me with legal action
A:
If someone paid money into your business account without informing you in a timely manner, and you inadvertently used some of the funds, the situation can be complex. Here are a few steps you should consider taking:
1. Document the situation: Gather all relevant information, including the date the money was deposited, the amount, and any correspondence with the person who made the payment.
2. Communicate with the payer: Explain the situation to the person who paid the money, including the fact that you were unaware of the payment for two weeks and that some of the funds were used in the normal course of business. Offer to return the remaining funds promptly.
3. Return the remaining money: Pay back the remaining funds as soon as possible to demonstrate good faith and minimize potential legal issues.
4. Seek legal advice: If the person threatens legal action, consult with a lawyer who specializes in business law. They can help you understand your rights and obligations and guide you through the process of resolving the dispute.
5. Consider mediation: If the situation escalates, you may want to propose mediation as an alternative to legal action. Mediation can be a faster and less expensive way to resolve the issue.
Remember, clear communication and prompt action to rectify the situation can help mitigate potential legal consequences. However, it's essential to seek professional legal advice to ensure you are taking the most appropriate steps based on your specific circumstances.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
