Accountancy, asked by amatulla1903, 3 months ago

legal document which issues or assures loan?

Answers

Answered by jayantip962

Explanation:

The letter must clearly state “loan agreement” so that it can have legal significance. A Promissory Note only requires the signature of a borrower, whereas the Loan Agreement should include signatures from both parties. It should clearly state how borrower will make the payments.

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