and not a gift. He is threatening to take me to court but I have never signed a promisary note or even a verbal agreement to repay as I do not have the money. I am not sure what to do and can he sue me when I did not even know that I was apparently "borrowing" this money?
A loan agreement states the interest rate, the repayment period, the collateral (if any) and any special terms. Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights ReservedWant to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the ...
Andifyoucan'taffordtolendsomething,don't.Saying"no"ishardwhenafriendcomesasking,butifyouneedthatmoney,refusingthemisprobablythesafestcourseofaction.Ifyoustillfeeltheneedtolend,makingalegallybinding(有法律约束的)agreementandputtingthingsdowninwritingcouldguaranteeinstalments(分期付款)ordeadlines.But,somefriends...
Saying “no” is hard when a friend comes asking, but if you need that money, refusing thc is probably the safest course of action. If you still feel the need to lend, making a legally binding (有法律约束的) agreement and putting things down in writing could guarantee instalments (分期...
Being fair with someone you may consider a friend or family member, but also not cheating yourself in the process. A personal loan agreement template provides peace of mind, when you're doing something to help out a loved one. Additional Resources ...
: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usually with interest broadly : the furnishing of something to another party for temporary use with the agreement that it or its equivale...
d. The right to payment associated with such an agreement: a bank that buys consumer loans. 3. The state of being lent for temporary use: a painting on loan from another museum. tr.v. loaned, loan·ing, loans To lend (money or property). [Middle English lan, lon, from Old Norse...
Saying ‘no’ is hard when a friend comes asking, but if you need that money, denying them is probably the safest course of action. If you still feel the need to lend, making a legally binding (具有法律约束力的) agreement and putting things down in writing could guarantee deadlines.5....
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outstanding loan.They were struggling to meet their monthly loan repayments.a banking system riddled with bad loansa loan from my brothera loan officer at a local mortgage companyloans totalling a million poundsloans totalling/totaling a million eurosthe terms of the loan agreement with the ...