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Please see the resource center at www.one2onelending.com for all of your promissory note questions.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoit most certainly does!!
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Who signs a promissory note?
The most important signature on a promissory note is the borrower. Many are also signed by the lender.
Can a promissory note be legally binding if not notarized?
Yes, promissory notes can be legally binding even if not notarized. Notarization is not typically required for a promissory note to be enforceable, as long as the essential elements of a contract are present and the parties consent to the terms.
How can i use promissory note to file a complaint or lawsuit against the debtor?
In an action on a promissory note, the promissory note itself is evidence. Give it to your attorney, who is filing the suit, because he will need all the relevant evidence to pursue the lawsuit.
Wording for promissory note?
wording for promissory note with collateral
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.
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
How do you issue a promissory note?
A promissory note is a fancy legal name for a legally phrased I.O.U.
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.
Is the amount of promissory note is called maturity value?
No, the amount of the promissory note is the face vale not maturity value. Maturity value is the value of the money on the promissory note after a period of time.
