answersLogoWhite

0

It depends on the contract

If you are borrowing from a bank or other valid institution I will guaranty the contract will be valid and enforceable.

If you are borrowing from your local loan shark, the "contract" may not be valid, but do you want to take the chance?

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

Is a contract valid if earnest money is not provided?

In most cases, a contract is still valid even if earnest money is not provided. Earnest money is not required for a contract to be legally binding, but it can serve as a sign of good faith from the buyer.


What is valid contarct?

A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge


Will the bank lend money to a child?

No. Loans and Lending facilities are limited to only adult customers of a bank who are employed or in a business and have a monthly earning capacity. Children are not valid customers for a bank from the lending point of view


What are the examples of essentialia of a contract?

valid contract


Is there much money to be made in hard money lending?

You can make a profit in lending money. Success depends on who you lend to.


What is the practice of lending money for interest?

the practice of lending money is the practice of your moms vagina


If an item line of a contract is changed and not initialed by both party's is it still a valid contract?

No. It is no longer valid.


How can misrepresentation affect a valid contract?

When someone is induced into entering into a contract as a result of a false statement.


What is the purpose of money lending?

The role of lending money is to help developing countries,in order to get job done


What is inter bank lending?

Banks lending money to other banks.


What are the requirements for a valid contract?

For a contract to be valid, it must include an offer, acceptance, consideration, legal capacity, and legal purpose.


Can a private citizen sue for lending you money?

No, you can not sue somebody for lending you money. You can sue somebody if you have lent them money and they failed to pay it back.