Legal Question in Business Law in New Jersey

Gifts vs Contracts

If a person in a romanic relationship pays for certain things including legal help for the other without stating or writing that the money provided is a loan, is it considered a gift or a contract?


Asked on 9/19/07, 3:41 pm

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: Gifts vs Contracts

In most instances these payments are considered a gift, but you can always try to get the recipient to sign a promissory note. Asking for one may end the relationship. This is a response to an internet question and the reply is not intended to be legal advice or as creating an attorney-client relationship.

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Answered on 9/20/07, 12:34 pm


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