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Q: Can you be brought to court for theft if the person lost in court for suing you on something that you signed promissory note on?
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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.


Is a promissory note valid if initials are forged?

A promissory note must be signed by the borrower. The document is not valid if it is a forgery as with any signed document.


What do you do if you sold a vehicle to someone with a promissory note stating they will make payments and signed the title over if they do pay?

If they signed the promissory note, then it is legal, and binding.


Can someone sue for money if no promissory note it signed?

no


Who signs a promissory note?

The most important signature on a promissory note is the borrower. Many are also signed by the lender.


Which of these is a signed promise to pay back a loan?

promissory note


Does holder have the rights to add the words on demand on the face of the promissory note after making it?

Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.


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.


What happens when a promissory note is signed by two people and one dies?

The deceased's estate acquires the power to enforce, or the responsibility to pay, the promissory note.


What is a signed promise to pay back loan?

Collateral


You loaned money to owners of a business they signed an on demand promissory note how do you file the lien on the property?

You will need to take the person to court. Once you have a judgment in your favor you can then file a lien with the courts.


What is the definition of demand promissory note?

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.