I am about to write out a Promissory Note to a person. For it to be valid, can a Promissory Note be Conditional?
2007-02-01 13:27:49 · 4 answers · asked by swnj 1 in Politics & Government ➔ Law & Ethics
Yes it can. However, what conditions lie as valid depend upon what the promissory note is for. Also, some promissory notes aren't valid at all.
2007-02-01 13:30:56 · answer #1 · answered by cyanne2ak 7 · 0⤊ 0⤋
Conditional Promissory Note
2016-11-04 11:55:24 · answer #2 · answered by Erika 4 · 0⤊ 0⤋
Sure. A promissory note is basically a contract.
Offer + Acceptance + consideration (you give something of value and get something of value) = enforceable contract (99% of the time).
2007-02-01 13:56:01 · answer #3 · answered by obamaforprez 2 · 0⤊ 0⤋
Only if the conditions are stated in the note. Once the note is written out and both parties have signed it (an agreement) then that's that - you can not change anything on it unless you both agree to do an amendment to it.
2007-02-01 14:21:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
YES!
2007-02-01 13:31:39 · answer #5 · answered by scoodlelou 3 · 0⤊ 0⤋