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Web31. júl 2024 · Ask what it’s for. Whether someone wants to borrow $40,000 or $40, you have the right to know how the person plans to use the money. And the greater the amount, the more detail you should get on ... Web14. okt 2024 · A promissory note is a written promise to repay someone. If you're lending money to someone, a promissory note serves as evidence of the amount of the loan, the repayment schedule, and the amount of interest that will be charged (if any). This can serve as proof if the borrower doesn't repay the loan and you decide to sue. Web1. Divide the class into pairs. 2. Invite each pair to write a list of the things that they think people generally use their loans for. 3. Take feedback from a sample of pairs, recording their responses on the white/blackboard. 4. Ask each pair to write a list of reasons why people might borrow from a bank/credit union. 5. slazenger company