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i believe it is a promise to pay someone for something/anythings between 2 or more people. To make it binding in some courts the verbal agreement with the intent to repay/replace whatever is being borrowed is good enough, but i would want it in writing if it was something very important to me i was lending. once its in writing its considered a contract. you can write a contract/iou/promise to pay on a cocktail napkin, a piece of a paper bag etc. As long as the signature of the person promising to pay back signs and dates it and a brief discription of the terms of the iou should be included also. U must be able to use the document to prove in court the person showed intent to repay/replace by giving you said document.
What else can I help you with?
Does a family IOU signed by those involved have an expiry date and is the document considered legal and binding?
A signed IOU can be legally binding. It can be enforced by the estate if needed.
Is an IOU the same as a promissory note?
Yes, and if properly executed and witnessed it could be considered a legally binding contract.
What happens if you lose the iou in the quest death platue in runescape?
If you lose the IOU, you must beat Harold again to get the IOU... If you accidentally lose it, just make sure to bring extra cash
How do you get iou credit from meteor?
To get IOU (Interim Outstanding Units) credit from Meteor, you would typically need to contact their customer service or billing department to inquire about the process. They will provide you with the necessary information on how to request and utilize IOU credit for your account when needed.
Can a wife make a binding agreement on the joint property?
No. She would need her husband's written consent to make the agreement binding. All the owners of the property must sign.
What is the IOU number for Meteor?
Meteor does not offer an IOU service.
When was Even as IOU created?
Even as IOU was created in 1942.
When was Iou Kuroda born?
Iou Kuroda was born in 1971.
What is the IOU number for t mobile?
What is the iou number for t-mobile
What an Iou note?
An IOU note is a informal document acknowledging a debt. It typically includes the amount owed, the names of the lender and borrower, and the date the debt was incurred. While it serves as a record of the obligation, it is not a legally binding contract like a promissory note. IOUs are often used in personal transactions between friends or family.
How do you get rid of vodafone iou on your phone?
Text 468 'remove IOU' and that will work :)
Can you do a promissory note with no money exchanged?
Yes, but it wouldn't necessarily be binding as there must be consideration provided by both parties to such a agreement. The note would have no value and would be nothing more than an IOU.
