A recent news report said.
16 years ago, my friend borrowed 6,000 yuan from him in a hurry, because he did not actively pursue it, and the statute of limitations expired. It took 16 years to pursue the claim, which led to the loss of the lawsuit. The man who owes the money, for the sake of his friend's face, gave him a thousand.
Some people say that it is natural to repay debts. Why did you lose the lawsuit?
Let's start with the conclusion: the judge did not make a wrong judgment, and the statute of limitations is 3 years for private loans between friends. If there is no recovery within three years, the statute of limitations will become a natural debt, not a statutory debt. The Judicial Court ruled against the case.
Except, of course, if the debtor voluntarily returns it.
The crux of this case is the statute of limitations.
The circumstances of the case.
1.If a friend is borrowing money from each other, there is no agreed date for repayment. The statute of limitations starts 3 years from the date of the loan.
2.If a repayment period is agreed, the statute of limitations is 3 years from the last day of the period.
3.If there is no agreement on how much interest will be, it is considered that there is no interest.
4.The borrower and the borrower sign the loan contract with the date, the amount is uppercase and lowercase, and both parties sign it.
5.In the 3-year statute of limitations, if the creditor recovers on a certain day, the statute of limitations is interrupted and recalculated on that day.
6 .The parties can agree to change the IOU once a year, so that there will be no situation where the statute of limitations expires and the money will not be returned.