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Yes. The co-holder of a promissory can assign their rights under the note to the other co-holder by a written, notarized instrument.
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∙ 14y ago
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Wording for promissory note?
wording for promissory note with collateral
If only one spouse signs a promissory note can the other spouse be held responsible to pay it?
In most cases, yes, they can be held responsible. They are considered to have benefited from the note.
What is Promissory Check Open Check Cross Check and Stale dated Check?
promissory note a written promise by a person or the maker.
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
If you have a promissory note based on a business loan and you file bankruptcy on that business loan is the promissory note still valid?
Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.
If you sign a promissory note for a down payment on a car and they do not sell you the car is the note still valid?
If you signed a promissory note and the person decided not to sell you the car, you do not have tobpaybthe down payment. The person has already voided the promissory note by not selling to you.
Wording for promissory note?
wording for promissory note with collateral
If only one spouse signs a promissory note can the other spouse be held responsible to pay it?
In most cases, yes, they can be held responsible. They are considered to have benefited from the note.
What is Promissory Check Open Check Cross Check and Stale dated Check?
promissory note a written promise by a person or the maker.
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
If you have a promissory note with someone and they die are you still responsible to pay the debt?
No. Without both signatures, the promissory note is not legal. As the other party is deceased, there is no way to collect that signature to make the note valid.
How do you issue a promissory note?
A promissory note is a fancy legal name for a legally phrased I.O.U.
What Is promissory?
A promissory note is defined as an instrument in writing (not being a bank note or a currency note), containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument.
Amount of promissory note is called?
The amount written on the face of a promissory note is called face value or principal. The date on which the promissory note is written is called the issue date.
If you have a promissory note based on a business loan and you file bankruptcy on that business loan is the promissory note still valid?
Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.
How can you use the word promissory in a sentence?
She signed a promissory note as a commitment to repay the loan on time.
What is a sentence for promissory note?
I needed to sign a promissory note for my student loan money.The bank is legally owed money when you sign a promissory note.The promissory note was only one page long but used complicated language.
