First, private lending IOUs write dividends.
The IOU of private lending itself is a lending relationship, but if everyone writes dividends on the IOU of private lending, there may be many disputes in the follow-up process. Moreover, you may not know much about private lending IOUs. There may be many factors when many people write private loan IOUs, and there will be many problems in the later process, and then everyone may go to court to sue. If IOUs contain this factor, it will affect the nature of IOUs.
Second, how will the court decide?
When writing an IOU, the borrower should be required to specify the lender, borrower, loan amount, loan purpose, repayment time (year, month and day should be specified), whether to pay interest and other basic elements on the IOU. When borrowing money, the lender must ask the borrower the purpose of borrowing money. If he knows that the borrower will use the loan for illegal activities, such as smuggling, fraud, gambling, drug trafficking or human trafficking, he should flatly refuse. Otherwise, loans that cover up illegal purposes in this legal form will not be protected by law. When writing IOUs, the borrower should be required to specify the amount of interest or the calculation method of interest. This IOU has clearly written dividends, so the court will make a judgment according to the provisions of the contract.
Third, the conclusion
However, the contents of this private loan signed by both parties must comply with relevant laws. If the relevant content does not comply with the law, then the court will not support it. Therefore, everyone must be clear about the relevant issues when writing private loan IOUs, so that there will be no mistakes in the follow-up process, and it is best to find witnesses.