Need advice regarding return of company asset

[User_20624eca]

U

User_20624eca
PARTICIPANT
March 22, 2025 at 9:32 am

Hello, I’m asking this on behalf of a business owner I know. He obtained an asset (a cooler) from a company he was doing business with, for which he deposited a cheque regarding security deposit to the said company. Now, the business no longer exists and the aforementioned asset is misplaced/no longer available to him. Now can the company claim/threaten return of the asset even if they have already encashed the security deposit that he submitted on behalf of the said asset?

Share

[Author]

Posts