![]() ![]() I recently read that promissory notes are only legally binding for a specific amount of time. Now what about if you signed a promissory note and the other person didn't sign and now the person is deceased but there is an estate, do I still owe this person's estate even though there is only one signature on it and it doesn't even have penalties no interest rate and it only states that i promise to pay x amount of dollars a month until paid in full it was actually a thank you letter but worded wrong. What's the difference between a "promissory note" and an "indenture" in relation to a municipal bond issuance? The executor never signed to promissory note. ![]() What if a promissory note was signed between partners for a personal loan, but a portion of the loan was used as funeral expenses for a loved one? Now that this loved one has passed away, and has an executor, the persons who signed the original loan note is trying to get the executor of this loved one to pay for the loan? An executor was not appointed until 2008, the loved one died in 2002. What if a promissory note was drawn up and signed but the debtor filed for bankruptcy and it was discharged is the note still valid or collectable? When the promissory note wsa singned only by one party (by the promisee) is the note still vaild? Generally, they also state due dates for payment, an address to send the payments, and an agreed-upon interest rate. Promissory Notes must be signed by individual makers and contain unconditional promises to pay specific amounts of money. What if your husband signed a promissory note to his mother and you did not sign and knew nothing about it and now you are getting a divorce. Generally, promissory notes do not need to be notarized. Is a promissory note valid if the amount is not stated on the notarized page? What if a promissory note was drawn up and signed but the debtor filed for bankruptcy and it was discharged, is the note still valid or collectible? Is it possible to collect again if they signed he received the money?Īre promissory notes between husband and wife legally binding in Florida? I am lending my husband a sizable amount of money from my own money and I feel the need to protect this money for repayment. The person gets mad at you decides to take you to small claims court to collect the IOU again. What if you have a IOU and paid it back? You also had the person sign they received the money in full. Join US Legal Forms and receive your New York Secured Promissory Note sample now.Is a promissory note enforceable if the lending business broke the regulating laws when making the loan? Expert Answers: Florida law does not require that the promissory note be notarized, but parties often take this extra step. Skilled attorneys work on creating our templates so that after downloading, you don't have to worry about editing and enhancing content material outside of your individual details or your business’s information.
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