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Loan agreement – content and subject of the agreement + template ifirma.plBlogLoan agreement – content and subject of the agreement + template The purpose of concluding a loan agreement is primarily to enable another person (borrower) to use the subject of the loan. It sometimes serves as a credit facility. You can read more about the loan agreement in this article. Loan agreement – issues discussed: Loan agreement – general issues Interest Withdrawal from the contract by the lender Liability for defects Loan agreement and tax consequences.
Loan agreement template Summary Loan agreement – general issues Pursuant to the provisions of Art philippines photo editor of the Civil Code: By means of a loan agreement, the lender undertakes to transfer ownership of the borrower to a certain amount of money or things marked only as to their type, and the borrower undertakes to return the same amount of money or the same amount of things of the same species and the same quality [cf. § 1]; A loan agreement whose value exceeds PLN 1,000 requires a documentary form [cf. § 2] ; The parties to the loan agreement are: the grantor of the loan, also known as the lender; borrower, also known as borrower.
To a certain amount of money or things marked only as to their type, and the borrower undertakes to return the same amount of money or the same amount of things of the same species and the same quality [cf. § 1]; A loan agreement whose value exceeds PLN 1,000 requires a documentary form [cf. § 2]; The parties to the loan agreement are: the grantor of the loan, also known as the lender; borrower, also known as borrower. Moreover, the lender can be both a natural person and a legal person. If a loan is granted by a bank, this activity becomes a banking activity, in accordance with the Act of August 29, 1997 - Banking Law. On the separateness of a loan agreement (Article 69(1) of the Banking Law) from a loan agreement (Article 720(1) of the Civil Code ) determines the bank's obligation to make available to the borrower,whose value exceeds PLN 1,000 requires a documentary form [cf. § 2] ; The parties to the loan agreement are: the grantor of the loan, also known as the lender; borrower, also known as borrower.
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