Legal Question in Civil Litigation in Illinois

What makes a document legal

I have a friend that borrowed money from another friend about three months ago. Now the person that loaned him money wants him to sign a contract to make it ''legal''. He does not have a problem doing this, but what exactly makes a document ''legal''?


Asked on 12/14/06, 11:44 pm

1 Answer from Attorneys
Zedrick Braden III Ainsworth & Associates PC

Re: What makes a document legal

Hi. From your explanation it appears as if your

friend that loaned the money wants the other friend to enter into a loan agreement, after the

loan. This type of agreement is legally binding

when there is consideration. In other words a

contract is legal when there is a promise for

a promise. Here the consideration is one friends

promise to lend money while the other friend

promises to pay it back. Will be happy to answer

any additional questions you may have.

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Answered on 12/15/06, 10:56 pm


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