Loan Repayment

A top executive was lunching with his friend at his club. 'I made a bad mistake a couple of months ago, 'he said. 'I loaned an associate £5,000 and now I can't get him to repay the loan. And what's even worse, I didn't get any form of receipt for the loan.'

'Well,' said his friend, 'I suggest you write to him and ask him for immediate repayment of the £10,000.'

'It wasn't £10,000,' said the executive. 'I just told you -it was £5,000.'

'I know,' said his friend. 'So he'll write back and tell you it was only £5,000 and then you'll have your receipt.'

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