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On the premise that the IOU complies with the legal effect, its legal binding force will not be affected regardless of such invalid or revocable factors as fraud, coercion or misunderstanding. Even if the ID card information is wrong, as long as the debtor signs in person and confirms with his fingerprint, the legitimacy of the debt can be established, and the signature and fingerprint confirmation act itself is the true expression of the debtor. Possible errors are only regarded as negligence, and do not affect the validity of the IOU.
#Creditor's rights and debts
1471 readings
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If the loan agreement does not clearly stipulate the interest, it shall be deemed as interest free. According to relevant laws and regulations, if the loan agreement between natural persons does not specify or obscure the interest, it will be deemed that no interest needs to be paid. Therefore, no interest shall be required for the receipt of loan with no interest agreed in advance; The court will dismiss such claims.
#Creditor's rights and debts
1000 readings
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Gambling debt is not protected by law because of its illegal nature. If the creditor knows that the borrower is a gambling loan and the relevant loan is not supported by law, the borrower has the right to refuse to repay. If the funds involved in gambling are not used in legal ways, they will incur public security penalties and even criminal accountability. Therefore, repayment of gambling debts is not a legal obligation.
#Creditor's rights and debts
930 readings
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The essence of IOU is different from that of IOU. The former is derived from a variety of transactions and does not necessarily involve the repayment period. If the term is not specified in the loan terms, the creditor can claim compensation at any time, and the maximum time limit is 3 years from the time of refusal to repay; If there is a definite repayment period, the time limit shall be calculated from the next day after the maturity. Whether there is a deadline or not, the statute of limitations starts from the time when the debt occurs. The statute of limitations for the debt with an agreed deadline is the same as that for the loan. The nature and prescription treatment of indefinite period are different.
#Creditor's rights and debts
1478 readings
