making contract legal

[wrmach]

What is the name of your state? Maryland

There is a friend who owes me a substantial sum of money. This person has tried to pay me back but has failed. I don't trust this person to give me my money, so I asked if she would sign a paper stating she would pay me back, she said, "yes".

My question is... if I draw up this paper and she signs it, is it legally binding? Also, is there any particular steps I have to take to make it legal? Thank You

 

[I AM ALWAYS LIABLE]

What is the name of your state? Maryland

There is a friend who owes me a substantial sum of money. This person has tried to pay me back but has failed. I don't trust this person to give me my money, so I asked if she would sign a paper stating she would pay me back, she said, "yes".

My question is... if I draw up this paper and she signs it, is it legally binding? Also, is there any particular steps I have to take to make it legal? Thank You

My response:

Yes, it would be legal. Just make sure it's dated for the date of the loan, and not today's date.

Look on the Internet for the format for a Promissory Note.

IAAL

 

[wrmach]

thanks

Thanks for your help.