A promissory note is an unconditional promise to pay a fixed amount at a fixed time accruing a fixed interest thereafter.
Promissory notes differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists. In common speech, other terms, such as "loan," "loan agreement," and "loan contract" may be used interchangeably with "promissory note" but these terms do not have the same legal meaning.
So the answer depends on whther this is a true promissory note or an instrument that was created to memorialize a transaction that wasn't completed.
ClarificationThe answer is that if there is a fully executed promissory note then it can be enforced in court. A fully executed promissory note is absolute evidence that the borrower owes the lender. A defense that the borrower never received the money would be difficult to prove. If the funds were not transferred to the borrower there should not be a fully executed promissory note.
First, the promissory note should only be signed by the borrower at the same time the funds are handed over. Second, if one was executed and the funds were not paid over to the borrower then the promissory note should not be signed by the borrower and if signed, it should be destroyed since the loan was not completed.
Only if you ever want to see your money again.
No. There is no rule that as executor your debts are forgiven. However, if there is no written evidence of the debt and it is not mentioned in the will you can forget about it since your mother made the decision to not memorialize it in writing.
NO, they can "attach" the house so that IF you ever sell it, they will be paid FIRST out of the sale proceeds. READ your contract to see what you agreed to when you borrowed the money.
there is nothing what so ever found so this cannot be determined
THE CREDITOR WILL LIST THE ACCOUNT AS "SETTLED FOR LESS" AND NOT PAID IN FULL, THIS WILL TELL OTHER CREDITOR'S NOW AND IN THE FUTURE YOU WOULD NOT PAY YOUR DEBT IN FULL. THIS IS GOING TO HURT YOUR SCORE, IF YOUR FRIEND BORROWED $500.00 FROM YOU AND AFTER MONTHS OF ASKING HIM TO PAY YOU BACK, HE GAVE YOU $350.00 AND SAID THAT'S ALL YOUR GOING TO GET. HOW WOULD YOU RATE HIS CREDIT WITH YOU AND WILL YOU EVER LOAN HIM MONEY AGAIN??????????????????
Nothing would exist. EVER
If nobody was creative, then we would all be the same. If we were all the same, then we would all have the same ideas. If that were true, then nothing would ever get done. If nothing ever changed, then we would all die.
Only if you ever want to see your money again.
Yes well that WOULD be nice.
nobody will know
nothing what so ever
Nothing would ever be green. The color would not exist.
The kingdom of God would be like nothing you ever dreamed of it. It would be in the clouds but not on Earth.
No they didn't they would wear at least a thin cloth
Nothing, he can not love at all, Ever..
Yes, it does. If it didn't, nothing would ever fall.
Nothing Ever Happened was created in 2008-04.