Quote:
Originally Posted by The Standard Station
When a repayment plan is made is the first payment assumed to be immediately paid the day the plan is made or does the person have whatever time interval is decided to make the first payment?
Usually one of the two geniuses realizes that a repayment plan without a repayment schedule is not much of a plan. Heck, a contract that does not stipulate whether payments start at [$agreement_time] or at [$agreement_time + $interval]
also by definition does not guarantee that a payment is due at [$agreement_time + $interval]. The question of when repayments start is left completely unanswered.
But if neither of them realize that they forgot a schedule? Then I'd say it should default to [$agreement_time + $interval]. They are effectively treating it as a loan kickoff at that point, and it doesn't make sense for the borrower to immediately pay back part of the amount he is borrowing.
The reason why there isn't a clear default here is because most repayment plans don't get to the handshake without a schedule.
This seems to have escalated quickly from "no bad blood" and "more or less friends". My read is that Person A has already given Person B a lot of leeway and has had enough. Which person are you?