RESPONDENTIA, maritime law. 2. The contract is called respondentia, because the money is lent on the personal responsibility of the borrower. It differs principally from bottomry, in the following circumstances: bottomry is a loan on the ship; respondentia is a loan upon the goods. The money is to be repaid to the lender, with maritime interest, upon the arrival of the ship, in the one case and of the goods, in the other.
$10,000 USD is the maximum single transaction with a registered PayPal account. $4,000 USD is the maximum single transaction without one. Related Questions. How can I team-develop an application using PayPal without having data in my source control that would let anyone with access send money from ...
How does it work? Current small business customers of PayPal can apply online for lines of credit that range from $5,000 to $60,000. Each loan has a fixed fee and the small business borrower must choose how quickly to pay back the loan, which is done incrementally as it make sales.