How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Ash Your Own Question
Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
75100385
Type Your Law Question Here...
Ash is online now

A friend requested a loan. He helped me win a property deal,

Resolved Question:

A friend requested a loan.
He helped me win a property deal, so I said he could have the loan as a gift.
He did not think the amount gifted was enough, we could not reach an agreement, so I asked for the gift to be treated as a loan and be repaid.
Is it a loan or a gift?
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you with this.
Just to be clear, it was given as a gift but he thought it was not enough, so you asked for it back?
Customer: replied 1 year ago.

Hello Alex. That is correct.

Expert:  Ash replied 1 year ago.
Its bad news I am afraid. If it was given as a gift and not conditional (from what you said it is not), then sadly you can't ask for it back.
If it started as a gift, it will always be a gift.
Can I clarify anything for you about this today please?
Alex
Ash and 2 other Law Specialists are ready to help you
Expert:  Ash replied 1 year ago.
Hi

I am just following up to see if there is anything else I can help with?

If you have not done so already might I ask you to rate my answer before you go today please, the button should be at the bottom of the screen.

If you need more help please click reply.

Alex

Related Law Questions