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If a sibling offers money with no contract formed is the person legally obligated to pay back the money?
Cynthiadharp
- If a sibling offers money with no contract formed between the two parties and the lender decides not to pay back the money then unfortunately the lender (sibling) would not get their money back. When a person takes a loan from anyone they should do everything they can to pay that loan back even if it's a few dollars a month. If the lender does not wish to pay the back then they are in for a rough ride when they are out in society and may end up not paying their bills on time or any loans they may make from a banking institution so it's fair warning to be respectful enough to pay back the sibling who loaned the money in full.
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∙ 14y ago
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