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Borrow 0.2 million/200 thousand and write an IOU with monthly interest 1. There is no repayment date, but there is a signature and loan date.
Hello, the debit note does not indicate the repayment date. Explain that creditors can claim rights from debtors at any time, and debtors can also perform their obligations to creditors at any time.

If the debtor explicitly indicates that it fails to perform its obligations, the creditor's rights that have exceeded two years are not protected by law, but the limitation of action cannot exceed twenty years at the longest.

Legal basis: According to Article 135 of the General Principles of the Civil Law, "the limitation period for requesting protection of civil rights from the people's court is two years, unless otherwise stipulated by law." Article 137 of the General Principles of Civil Law stipulates that "the people's court shall not protect the rights for more than 20 years from the date of infringement".

According to the above provisions, the longest limitation of action is calculated from the date when the rights are infringed. The obligee does not know that his rights have been infringed, and the longest limitation is 20 years. If it has been more than 20 years, the people's court will not protect it.

To sum up, you can ask the debtor to perform the debt at any time. At the same time, you need to pay special attention to the restrictions of movement.

Beginning of limitation of action

The starting point of the limitation of action, that is, the starting point of the limitation of action, starts from the date when the obligee knows or should know that his rights have been infringed, that is, from the date when the obligee can exercise his right of claim.

Interruption of limitation of action

Interruption of the limitation of action means that during the limitation of action, due to certain legal reasons, the limitation of action expires and is invalid. After the reasons for the interruption of the limitation of action are eliminated, the limitation of action starts again.

Suspension of limitation of action

Suspension of limitation of action refers to the limitation of action caused by certain legal reasons during the limitation of action.

If the beneficiary is unable to exercise the right of claim, the limitation of action shall be during the period of suspension. Article 139 of the General Principles of Civil Law stipulates: "If the right of claim cannot be exercised due to force majeure or other obstacles within the last six months of the limitation of action, the limitation of action shall be suspended."

Conditions for suspension of limitation of action

1. The suspension of the limitation of action must be for legal reasons. These legal reasons include two types: first, force majeure, such as natural disasters and military actions, is an objective situation that the parties cannot foresee and overcome; Second, other circumstances that prevent the obligee from exercising the right of claim. 2. If the statutory cause occurred within the last six months of the limitation of action, occurred before the last six months (the limitation period) but did not disappear until the last six months, it has the effect of suspending the limitation of action. 3. The period that passed before the suspension of the limitation of action shall be combined with the period that continued after the reasons for the suspension of the limitation of action disappeared. However, the time course of suspension is not included in the limitation period. Therefore, the civil law regards the suspension of limitation of action as a temporary obstacle to the completion of limitation of action. After the reasons for the suspension of the limitation of action are eliminated, the effectiveness of the suspension of the limitation of action in China continues to be calculated. The limitation of action that has been executed before the suspension is still valid. After the legal reasons for suspension are eliminated, the limitation period of action previously calculated shall continue to be calculated until it expires. 4. If the cause of suspension occurs before the last six months of the limitation of action, but it still exists until the last six months, the limitation of action shall be suspended in the last six months (note: in this case, the limitation of action cannot be suspended when the cause of suspension occurs).

In short, you can use the suspension of the statute of limitations to safeguard your rights.

I hope my answer can help you, and I hope you can adopt my answer. Thank you.