contract question, please help

[kitty44]

What is the name of your state? ok
in 1999 i signed a hand written contract with a friend stating that i would make pymts to their credit card for a computer. in exchange for making the pymts i would have it in my posession. there was no set amt of time i was to make the pymts nor did it state i was to pay the card off. the contract did specifically state that if at any time i was no longer able to make pymts i just had to return the computer to the friend. i need to return it to them now. is there any way i can be forced to keep it or any legal action the friend can take against me?

 

[loku]

According to the interpretation of the contract you posted, all you have to do is return the computer and you would be relieved of liability; however, the contract itself gives all your rights and obligations, so be sure you have read all the terms that could possibly be applicable to this situation.