Company lost $1.8m for not having records of its investment
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When it comes to getting back your money, it often boils down to documentary evidence.
PHOTO ILLUSTRATION: UNSPLASH
Going by the notion that “My word is my bond” is all very well if only a minor issue is at stake, but common sense dictates that when a sum like $1.8 million is involved, a bit of paperwork might be in order.
After all, if you are handing over a large sum, you would surely ask the recipient to sign a contract or give you a written statement confirming the payment and the reason for it.