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post #13 of Old 01-21-2002
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Sharing a boat

As much as that sounds like common sense, I think that the reality is that most people need a loan to buy a boat even with a partnership. The partnership contract should address that issue but my best advice is if you have to worry about the partner making his loan payment then you probablyhave the wrong partner or you are the wrong partner because can''t afford the risk.

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