Short answer
A safer loan needs reliable evidence of payment and the duty to repay. Record amount, currency, term, interest and breach consequences. Security must be legally permitted; a receipt does not guarantee solvency.
Practical example
A friend receives cash without a stated purpose and later calls it a gift. A clearly labelled transfer and signed loan agreement reduce that risk.
What to do
Verify identity and address. Transfer with the agreed payment description and keep receipt and repayment schedule. Assess notarisation and enforcement terms, subject to additional legal requirements.
Legal basis
Georgian Civil Code — Articles 623, 624, 624¹, 625, 626. Checked on 28 October 2026. The outcome depends on the contract, facts and evidence.
YURFIRMA can review your documents and help prepare the appropriate demand or agreement. Contact us.
This is general information and does not replace a legal assessment of your specific case. The current law and the relevant facts are checked again when you seek advice.