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LEXIS AND COMPANY | +91-9051112233

 LEXIS AND COMPANY | +91-9051112233

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Can a Loan Agreement Be Oral or Must It Be in Writing?

  Can a Loan Agreement Be Oral or Must It Be in Writing?” 🤝🗣️📃 Another classic question from clients who love “verbal trust”: “I gave money on loan... no agreement, just mutual understanding. Will that hold up in court?” (Also heard: “Sir, dosti mein likhne ki kya zarurat thi?” 😅 ) ✅ Answer: Technically YES, but Practically... You’re on Thin Ice! 🧊⚖️ An oral loan agreement is valid under Indian Contract Act , but proving it in court is as difficult as finding an honest politician on a debate show! 🎙️😂 #LoanAgreementIndia #OralContractIndia #ContractLawIndia #LegalDocumentation #MoneyLendingDisputes #MutualAgreementVsWrittenAgreement ✨ Why Written Loan Agreements Are Better Than Verbal Promises: Establishes clear terms – amount, interest, repayment schedule Prevents disputes on repayment timeline or denial of loan itself Acts as strong legal evidence in case of default Helps in filing money recovery suits or initiating legal action #MoneyRecoveryIndia #D...
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Is a Handwritten Will Valid in India?

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