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Nakka Vamsi Krishna (Software Professional)     17 August 2011

Promissory note before lending money

Hi,


Can anyone help me in my questions?

If I lend money do I need to take promissory note filled or unfilled with his/her signature? Please suggest me legally.


Thanks

Vamsi



Learning

 6 Replies

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     17 August 2011

You are doing illegal job and need advice on a legal website.

1 Like

Bharatkumar (ADVOCATE )     17 August 2011

If u lend money without interest then u can filled promissory note.

1 Like

Nakka Vamsi Krishna (Software Professional)     17 August 2011

Can u explain me I dont know exactly what is illegal in this? I have not given I was forced to do so. I was just  want to have suggessions on that in this site.

Nakka Vamsi Krishna (Software Professional)     17 August 2011

thanks Bharat I am giving it to my dearest friend but I was in confusion what to have as proof.

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     17 August 2011

You want to give money to your dearest freind and still bother for legalities /documents.

N RAMESH. (Advocate Chennai. Formerly Civil Judge. Mobile.09444261613)     18 August 2011

Mr.Nakka Vamsi Krishna,

lending money, that too, to a friend, is not illegal. Don't worry.

You can lend money with or without interest. its your wish.

As regards, promissory note, legally speaking, it should be filled up and signed by the party who executes it.


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