IOUs usually apply to the following situations:
1. When buying goods or products, I have to write a debit note because I can't pay or pay all the money of others.
2. The money and things borrowed from others or units have not been paid by then, or not paid in full, and some are still in arrears. Then you need to write an IOU.
3. Borrowing personal or public money and things, and the certificate after completion can also be called IOUs.
The basic elements of IOUs:
1. Name, ID number and address of the borrower. The borrower is an individual and must sign it himself. The legal effect of the iou signed by others will be controversial. For example, a loan signed by Zhang San and Li Si will bring legal trouble to the borrower.
2. Lender's name: it is required to write the full name, and it is best not to write it, so as to avoid obstacles when claiming creditor's rights.
3. Write down the loan amount clearly: it is best to write down the currency of the amount clearly, such as how much RMB is, and write it separately in uppercase and lowercase to avoid unclear disputes, but be sure to check the consistency of uppercase and lowercase.
4. Write down the repayment period clearly.
5. Interest: for private loans, if there is an agreed interest rate, it shall be implemented as agreed by both parties; If there is no agreed interest rate, it is regarded as an interest-free loan. Before the creditor claims to repay the loan and pay interest, the people's court generally does not support the interest during the normal loan period.
6. Repayment method: whether to repay the principal and interest in one lump sum or in installments, and what period and how much, need to be clear. 7. Signature: the borrower's signature, complete date (year, month and day), preferably stamped and touched.
Extended data:
Real estate mortgage IOUs must pay attention to:
1. The actual age of a natural person with full capacity for civil conduct on the due date of arrears is generally no more than 65 years old;
2. Have legal and valid identification (resident ID card, household registration book or other valid identification) and proof of marital status;
3. Have good information records and willingness to repay;
4. Have a legitimate occupation and a stable source of income, and have the ability to repay the principal and interest in arrears on schedule;
5. The property right of the mortgaged house shall be clear, meet the listing and trading conditions stipulated by the state, and can be traded in the real estate market without other mortgages. Mortgaged houses are not included in the local urban reconstruction and demolition plan, and there are real estate licenses and land certificates issued by real estate departments and land management departments;
6. The borrower has a legal and effective purchase contract or agreement.
Baidu Encyclopedia: IOUs