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If transaction has already occurred and someone is stating that the money loaned was a gift how do you prove that it was a loan only?
Wiki User
∙ 15y ago
* Unless you have a contract of sorts stating this was a loan and a date, the amount of the loan and this person's signature along with your signature on it you can't prove this is a loan and not a gift as it would hearsay only. Without the contract, sorry but you are out the money.
Wiki User
∙ 15y ago
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