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  • If there was no contract made between you and the person that gave you 50,000 pounds or, they cosigned for you then legally you do not have to pay the money back. Giving someone anything is a gift and not meant to be paid back. 'Loaning' is just what is says and if the person loaned you the money and no contract has been made up between the two of you they trusted that you pay it back and you should.
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Q: If someone gave you 50.000 pounds three years ago and now wants it back where do you stand legally?
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