-fish-
Footballguy
I have a friend, T, that owns a business. I'm very familiar with it and it' is worth a significant amount of money. Covid caused the yearly income to decrease, but the overall value is still solid. His distribution took a hit, so this year he was cash poor. I loaned him some money with a formal loan agreement and promissory note. He didn't tell his wife they were struggling, or about the loan.
I have another mutual friend, H, that is an interior designer who started working for a high end furniture store on commission. Shel's never done sales before but is doing pretty well. T's wife came in and spent a day picking out new furniture that would represent a pretty big commission. T's wife wants to come back next week again. H told me about this and I told her not to waste her time because her husband would never pull the trigger on the furniture. She argued with me that she was serious and she thought she could close the deal and make a big commission. I told her it was never going to happen. Eventually after a bunch of back and forth I let her know that they didn't have the money to do it and they owed me more than the furniture they were looking at. She now doesn't want to waste her time and is cancelling their next appointment.
Did I do anything wrong here? I feel very conflicted.
I have another mutual friend, H, that is an interior designer who started working for a high end furniture store on commission. Shel's never done sales before but is doing pretty well. T's wife came in and spent a day picking out new furniture that would represent a pretty big commission. T's wife wants to come back next week again. H told me about this and I told her not to waste her time because her husband would never pull the trigger on the furniture. She argued with me that she was serious and she thought she could close the deal and make a big commission. I told her it was never going to happen. Eventually after a bunch of back and forth I let her know that they didn't have the money to do it and they owed me more than the furniture they were looking at. She now doesn't want to waste her time and is cancelling their next appointment.
Did I do anything wrong here? I feel very conflicted.