Is it not possible for the banker/your mother to publish the copy of the contract, you sign it and let it fill in the remaining case?? Just ask! A) You did not indicate that you followed the non-judicial stamp procedure and that you were signed by two witnesses and that the signed agreement was duly executed by rotary-Register at the registry office. It is best to consult a lawyer to prepare all the legal requirements before submitting immediately to the court concerned. Hello Sir, I would lend 2 lakes to the interest of my newly established business partnership friends. what conditions should I mention in the loan agreement. Is the liability of partners in the event of a delay unlimited? Hello Sir, I am taking out a loan (interest-free loan) of my sister`s Rs 5 Lakhs for the purchase at home. Is it advisable to enter into a credit contract to avoid any tax impact on me or my sister? Please advise the promise to pay a debt prescribed by the statute of limitations may be limited to the payment of a portion or extend to the entire debt. But if only a portion of the debt is prescribed and the manager agrees to pay all arrears, the lessor is entitled to a refund of the full amount. [14] “Such a contract/contract is not valid if your wife claims her right to property and uses a legal option to do so. The Hindu marriage law and other related acts will end the agreement signed between you and your wife. You should not accept such agreements, because it will complicate things in the future. Dear Sarfaraz, While closing the loan, your banker might ask for the source of the funds, so it is better to have made a credit contract between the two parties (even and your friend).
According to the Privy Council of Siqueria v Noronha[1] “Section 25 is exhaustive; and is therefore able to cover any agreement within its scope, in order to qualify its applicability. If it qualifies the agreement, it will be applicable, and if it does not, it will not be applicable at all. In addition, a simple moral duty [2] or a commitment to join or subscribe to a non-profit organization is cancelled [3]. Where both parties set a deadline for the repayment of the loan/debt that is to expire, the Statute of Limitation does not, in such cases, recognize the debt within the meaning of section 18 of the Statute of Limitation.