A retailer (x country national)having business in y country got goods delivered from a farmer of that y country but did not make payment for goods.The farmer did not take any acknowledgement or receipts .But retailer has promised to pay him and is ready to sign any document and secure debt.He also has property which he is ready to mortgage in x country
my queries
1.what kind of an agreement or understanding shd be made between the retailer and farmer to secure debt ?
2.what are the permissions to be sought
3.what is the jurisdiction whether the document if made can be enforceable in x and y countries
4.legalparameters ..guarantee...mortgage of property ... enforceability
Each country has its rules, systems and institutions. It is impossible offer any meaningful suggestion.
