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Subjects>Law & Government>Law & Legal Issues

Does a written personal loan contract need to be witnessed or notarized?

Anonymous

∙ 14y ago

Updated: 11/9/2022

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.

Wiki User

∙ 14y ago

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Related Questions

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?

If you're going to do this, it needs to be a written and notarized contract signed by both of you and a witness. You can't do it without their consent, and you have no protection against them claiming theft without the signed and notarized contract.

What is a properly executed written agreement?

A properly written and executed agreement is called a contract. A contract that has been executed has been signed or possibly notarized.

Under the Law Code of Hammurabi marriage was viewed as a?

Marriage was viewed as a contract only validated if it is written, sealed and witnessed.

What makes a Quit Claim Deed properly executed?

It should be signed by the grantor exactly how their name is written in the granting clause and exactly the same way by which they took title. It should be witnessed and notarized.

Why are written contracts so important?

A written, signed, and notarized, and sometimes public recording, of a contract validates the terms and conditions of an agreement. It memorializes both (or all) parties acceptance on the matter.

I loaned someone money almost 2 years ago. They have not paid any back. What are my options if any There was only a verbal contract.?

You have no legal recourse if there was not a written contract. Verbal contract are not enforceable unless it was said in front of a camera and witnessed by others.

What do I do if I have a will that is hand written but never filed or notarized by the deceased?

If the handwritten will was not properly signed, witnessed, or notarized by the deceased, it may not be considered legally valid. It's important to consult with a probate attorney to determine the next steps and whether the handwritten will can still be submitted for probate. Without proper execution, the handwritten will may not hold up in court.

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

Most courts, that I have heard of, need a written "contract" with the person taking out the loan signature.

How can you prove a verbal breach of contract?

Simple answer: There is no such thing. Contracts MUST be written and signed by bothparties to be legally binding. There is an old saying, "A verbal contract is as good as the paper it is written on."

Features of a valid contract?

A contract must have a promise or obligation from one party in exchange for a promise or obligation from another party. There is no requirements that contracts be signed, witnessed, or even written to be enforceable. Oral contracts as well as contracts written on napkins in bars have been enforced by courts. A contract only requires that both parties are doing something in exchange for whatever the other party is doing.

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...

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