If A gave B £100 thinking it was a loan and B accepted the money thinking it was a gift, should he give it back?
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Answer / Shailesh Krishna Verma
In this scenario, it depends on whether a valid agreement (either express or implied) existed between A and B regarding the nature of the transaction. If A clearly communicated that the money was a loan and B accepted it under that understanding, then B should return the money. However, if no such communication took place, and B believed the money was a gift, it might be difficult for A to enforce repayment.
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