Question is unclear: If it is a note issued BY THE STATE - it is good forever.
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.
wording for promissory note with collateral
The note is no longer valid because it is a personal promissory note. If you want to honor it, that is your decision.
No....a promissory note is not valid without a consideration.
She signed a promissory note as a commitment to repay the loan on time.
A promissory note is a fancy legal name for a legally phrased I.O.U.
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.
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.
Your not suppose to just write a promissory note, unless your an attorney whose familiar with the local laws and information required. Thanks to the internet, theirs now a whole industry of lawyers that just prepare legal forms, like promissory note forms, that meet our state's requirements. A good example of what I'm talking about is the website www.LegalFormsBank.Biz - you'll be able to download your state's compliant promissory note form then you can fill it out on your PC and then follow the instructions on how to file it.
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.
difference between bill of exchange and promissory note?