Legal Question in Credit and Debt Law in Minnesota

There is a promissory note that was not signed by the 2 parties in minnesota. is it enforceable?

if there is an email requesting the payment of the note, what is the right way to act about it? respond, disregard?


Asked on 12/14/11, 11:26 am

1 Answer from Attorneys

Probably yes, but it depends on the facts. As long as the note was signed by the party whom against the note is being enforced it should be fine. (The other party could probably just sign it now.) Most binding agreements do not even have to be in writing. If the other party loaned you money, you owe them the money. Just because they didn't sign the note doesn't mean you are off the hook. If there are other terms and conditions to the note you may have legal arguments.

How to react to the email? I have no idea without more information.

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Answered on 12/14/11, 12:25 pm


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