Legal Question in Business Law in New York
Lost or destroyed contracts
What are the requirements for creating and enforcing a duplicate loan agreement for a lost loan agreement? All parties confirm the terms and existing of the agreement, but none have a copy or an original. I would like to know what satisifies both auditors and a court.
Asked on 6/15/01, 5:53 am
1 Answer from Attorneys
Re: Lost or destroyed contracts
A simple reexecution of the agreement with
a recital of the reason for the need will
suffice as long as it is signed by all the
original parties, and a copy of the origina; is
attached
Answered on 6/28/01, 10:03 pm
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