Attorneys Salem Oregon | Sherman, Sherman, Johnnie & Hoyt, LLP

In keeping with the theme of previous articles, the next legal entity I will focus on is a general partnership. Similar to sole proprietorships, general partnerships are simple in structure and operation. An obvious differentiating factor, though, is the very nature of a partnership: there is more than one party.  As I further proceed in discussing a general partnership,…
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Can a Debtor’s misrepresentation to a Creditor, made specifically to get the Creditor to extend credit, be the basis of claiming the obligation is nondischargeable in the Debtor’s bankruptcy?  If the misrepresentation is not in writing and relates to a single asset, then probably not, even if the representation was made fraudulently. Under 11 U.S.C.…
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It is certainly a good idea for each of us to sign and maintain in effect a Power of Attorney. A Power of Attorney authorizes another person (your “agent”) to act for you in handling your financial affairs and property. Powers of Attorney can be either “general” or “limited” in scope. It is important to…
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Land sale contracts, lease/options, and seller-financing all allow a buyer to acquire an interest in property while leaving the seller with title or another form of security.  So what purposes are served by each? For a seller, a land sale contract typically provides the most protection.  In this type of transaction, title remains with the…
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Happy Holidays from all of us at Sherman Sherman Johnnie & Hoyt! We pride ourselves on being active leaders in the community, and one way we give back to the community is by supporting events and organizations that make a positive difference.  In 2018, you may have seen our name and our team members at…
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