+1Or give him more than $300 if he is your friend and going through a rough time. You have to be a friend to have one. Something to consider.
If he's truly a friend, offer to loan him the $300, using the gun as collateral, for a pre-determined period of time. At the end of the time period, it's yours if he decides not to buy it back.
+1 to this, exactly what I was thinking.
it is illegal to use a handgun as collateral for a loan in the state of Indiana.If he's truly a friend, offer to loan him the $300, using the gun as collateral, for a pre-determined period of time. At the end of the time period, it's yours if he decides not to buy it back.
it is illegal to use a handgun as collateral for a loan in the state of Indiana.
IC 35-47-4-2
Loans secured by handguns
Sec. 2. A person who makes a loan secured by a:
(1) mortgage;
(2) deposit; or
(3) pledge;
of a handgun commits a Class B misdemeanor.
As added by P.L.311-1983, SEC.32.
Indiana Code 35-47-4
buy it.
Why? What makes you think that would be a good deal?