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Cash Transactions And Oral Agreements - Why To Avoid By C S Sudheer On Suddi TV

In today’s World, Trust….is a very precious commodity. The newspapers are full of stories, where people have lost all their possessions just by trusting the wrong person. You go to a store and buy a mobile phone? The first thing you ask? Where is the receipt and the guarantee card? You pay your electricity and water bill and ask for the receipt. Will you buy a laptop without asking for the receipt, no matter how friendly the salesman or what he promises? You will first ask for a guarantee card. There is no question of any oral agreement. Everything is on paper. Everything is written. You know that if you buy a shirt or a pair of shoes, you must ask for the bill. Yet, when you lend money to your friend, you conveniently forget to take things in writing. You trust your friend. He has promised to pay you back…come what may. You don’t need any written agreement


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