A promissory note may be invalid if: It lacks essential elements like the amount owed, the interest rate, and the repayment terms; It was signed un...

Typically, promissory notes are not recorded with the county and are retained by the lender. Only those notes involving real estate are typically r...

Yes , a promissory note can be signed electronically. The validity of electronic signatures is recognized under the E-Sign Act. However, it’s impor...

A promissory note can last 3-15 years , depending on the jurisdiction. As it is essentially a legally binding contract, its statute of limitation i...