Let me get this straight, the borrower and lender enter into an agreement and sign a promisory note to secure it. The lender dies, and the debt has not been fully repaid.
Easy, the borrower still owes the estate of the deceased lender.
The deceased's estate acquires the power to enforce, or the responsibility to pay, the promissory note.
Yes, their 'estate' is still owed the money.
the person dies
When the heart dies the person is dead.
He dies, becomes a little person, and dies again.
When a debtor who has issued a promissory note dies, the note typically becomes part of their estate. The estate is responsible for settling any outstanding debts, including the promissory note, before distributing assets to heirs. The creditor may seek repayment from the estate, and if the estate lacks sufficient assets, the debt may go unpaid. The terms of the note and local laws can influence the specific process and outcomes.
Like all living things, the body corrupts when it dies.
he glows. And then dies.
yes
Your character will not die.
If the student dies, the loan dies with him/her. It's all in the fine print of the Master Promissory Note.
someone dies and they have a funral for that person...