Does anyone know about a legal document?

Question

Is there a legal document for me and someone that I let borrow $$$ to sign? All in good standings (of course), and If there isnt, please give me some suggestions. Thanks

Thanks to the one and only answer to my question. And I check it out on Monday morning.

Answer 1

As the first poster said, it's a promissory note...here are some examples/samples of promissory notes:

static.howstuffworks.com/pdf/samp-promissory.doc
and
http://www.uschamber.com/sb/business/tools/instal_m.asp
and
http://www.expertlaw.com/library/business/promissory_note.html
and
http://www.businessnation.com/library/forms/promissory.html

Hope this helps...as the websites say, they are only samples and may not work for your situation....

Answer 2

The document you want is a promissory note. You can probably get one from your bank. It may have blank spaces for filling in date, name, amount, and other conditions.

Answer 3

Be very careful about lending money to someone. Don't lend money you can't afford to lose, or money you aren't willing to just give them if they can't or don't pay you back.

You do realize that having a piece of paper that says that you lend someone money doesn't get your money back, it's just evidence that they owe it to you if you have to take them to court. And even if the court agrees with you, that still doesn't necessarily help you collect it.