There are several differences between private IOUs and IOUs

The differences between an IOU and an IOU are:

1.The nature of IOUs and IOUs is different, and the reasons for their formation are different, borrowing is mainly due to borrowing, while arrears may be due to sales, leases, interest, etc.

2.There is a different statute of limitations for IOUs and IOUs.

1) Statute of limitations for IOUs.

IOU with agreed repayment period: the statute of limitations is calculated for 3 years from the day after the expiration of the repayment period; IOUs without an agreed repayment period: According to Article 206 of the Contract Law, if there is no agreement on the term of the loan or the agreement is not clear, the borrower may return it at any time, and the lender may urge the borrower to return it within a reasonable period.

Accordingly, according to Article 188 of the General Provisions of the Civil Law, the statute of limitations for an IOU that does not stipulate a repayment period shall be calculated for three years from the day after the date on which the lender claims return. The creditor claims rights within 20 years from the date of the loan.

2) Statute of limitations for IOUs.

IOUs with agreed repayment periods: The statute of limitations for litigation is calculated for 3 years from the day after the expiration of the repayment period. It should be noted that such a cause of action should be the underlying legal relationship.

According to the laws of our country, if the IOU does not contain a repayment period, the statute of limitations is three years. Under the same conditions, the maximum time limit for an IOU is 20 years. At the same time, the statute of limitations can also be interrupted and extended.

IOUs and IOUs are both creditor's rights certificates, and their legal effect is not high or low, but the facts cannot be confused.

Teach you the difference between an IOU and an IOU.

Difference Between IOU and IOU:1The reasons for this are different.

IOUs are generally generated by private lending, and IOUs are produced for a wider range of reasons. 2.If a dispute arises, the court will hear it differently.

The difference between an IOU and an IOU 1. An IOU proves the borrowing relationship, and an IOU proves the arrears relationship. 2. The reason for the formation of IOUs is a specific borrowing fact, and there are many reasons for the formation of IOUs, such as arrears of goods, arrears of wages, arrears of rent, and so on.

An IOU refers to a loan relationship, and an IOU refers to a debt relationship, such as an arrears formed by remuneration for providing services.

What is the difference between an IOU and an IOU?

What is the difference between an IOU and an IOU.

What is the difference between an IOU and an IOU?

Legal analysis: the difference between private IOUs and IOUs: 1. The nature of IOUs and IOUs is different, and the reasons for their formation are different. 2. The difference in the statute of limitations, there is no IOU with an agreed repayment period, the statute of limitations is 20 years, and the IOU is 3 years.

Legal basis: Civil Code of the People's Republic of China

Article 667 A loan contract is a contract in which the borrower borrows money from the lender and returns the loan at maturity and pays interest.

Article 668: The loan contract shall be in written form, unless otherwise agreed upon between natural persons. The content of the loan contract generally includes the type of loan, currency, purpose, amount, interest rate, term and repayment method.

The difference between an IOU and a private IOU is:

1. IOUs and IOUs are different legal relationships.

The legal relationship of an IOU is a loan relationship, that is, one party lends money to the other; On the other hand, there are many legal relationships with IOUs, which can be arrears, dividends, or investment funds, etc., and generally speaking, one party owes debts to the other party.

2. The two are completely different in nature.

The effect of a private IOU and an IOU is the same in a lawsuit. However, the statute of limitations for private IOUs is three years, which is calculated from the date of the repayment period marked on the IOU. If there is no agreed repayment period, the lender may request repayment from the borrower at any time, and the statute of limitations shall start from the day after the lender asserts its rights.

If the lender does not assert its rights within 20 years after the IOU is issued, the statute of limitations does not run.

The statute of limitations for an IOU is also three years, and if the date of repayment of the arrears has been marked, the statute of limitations shall be calculated from the date of repayment marked on it, and if the date of repayment is not marked, the statute of limitations shall be calculated from the day after the IOU is issued.

Article 188 of the General Provisions of the Civil Law.

The statute of limitations for filing a request to a people's court for the protection of civil rights is three years. Where the law provides otherwise, follow those provisions. The limitation period is calculated from the date on which the right holder knows or should know that the right has been damaged and the obligor.

Where the law provides otherwise, follow those provisions. However, where more than 20 years have elapsed since the date on which the rights were infringed, the people's courts will not protect them; Where there are special circumstances, the people's court may decide to extend the extension on the basis of the right holder's application.

The Hong brother proved by the IOU is the borrowing relationship between the two parties, and the IOU proves the arrears relationship between the two parties. The IOU indicates that there is a creditor-debtor relationship between the two parties, while the IOU indicates that there is a creditor-debtor relationship between the parties, and the specific legal relationship is uncertain. In principle, IOUs should be tried on the basis of private lending.

However, the IOU does not necessarily depend on the underlying legal relationship.

[Legal basis].

Article 2 of the Provisions of the Supreme People's Court on Several Issues Concerning the Application of Law in the Trial of Private Lending Cases provides that when a lender files a lawsuit with the people's court, it shall provide proof of creditor's rights such as IOUs, receipts, and IOUs, as well as other evidence that can prove the existence of the borrower's legal relationship. Where the creditor's rights vouchers such as IOUs, receipts, and IOUs held by the parties do not indicate the creditor, and the parties holding the creditor's rights vouchers file a private lending lawsuit, the people's court shall accept it. Where the defendant raises a factual defense against the plaintiff's creditor qualifications, and the people's court finds that the plaintiff does not have the creditor qualifications after trial, it rules to dismiss the lawsuit.