Why Should You Use A Sample Promissory Note For A Loan Agreement

Lending and borrowing money are very common activities among friends. When you give a substantial amount of money to your friend who is in need, you trust that your friend is going to pay back your money at a specific point of time as agreed. Nevertheless, since it is an informal situation, it can become difficult for you to clearly state the terms of the transaction which can in turn lead to a disagreement between you and your friend regarding the repayment of the sum of money.