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While a personal loan contract may not need to be witnessed or notarized, it is best to have it witnessed and notarized especially if it is for a lot of money. A signed sales receipt will stand up in a court of law.

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βˆ™ 14y ago
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Q: Does a written personal loan contract need to be witnessed or notarized?
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How binding are written agreements witnessed by a third party and notarized in regards to a boyfriend paying medical bills that resulted by abuse and no criminal charges were filed?

Because the documment was witnessed and notarized, it certainly is better than a verbal agreement. Depending upon how the document was worded you may, or may not, have an enforceable contract.


Can you hold someones personal property until they repay a debt owed to you in Illinois?

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Can you get sued on a personal loan if there is no contract or time given for a payback?

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If you sign a personal contract that only has terms but no conditions does that mean that you are only agreeing to What is written because without conditions you dont have to follow said contract?

baring in mind "said contract" has not been overlooked by a solicitor...