As no written contract is required,borrowing from friends and relatives is advisable.

Question

Quizplus · Accepted Answer

Even though a written contract is not required, it is still advisable to have one to avoid misunderstandings or conflicts in the future. A written contract can help clarify the terms of the loan, including the amount borrowed, when it is due, and any interest or repayment terms. This can help ensure both parties are on the same page and can help maintain the relationship between friends and relatives.

As No Written Contract Is Required,borrowing from Friends and Relatives