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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.
Can a wife be held responsible for a promissory note signed only by husband?
In general, a wife cannot be held personally responsible for a promissory note signed solely by her husband unless she co-signed the note or there are specific state laws or agreements that establish joint liability. The liability typically depends on the terms of the note and the legal framework governing marital property and debts in the relevant jurisdiction. It's advisable to consult a legal expert for specific cases, as laws can vary significantly.
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.
How can you use the word promissory in a sentence?
She signed a promissory note as a commitment to repay the loan on time.
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.
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.
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.
