Legal Question in Business Law in Texas
My father loaned me $7,000 is 2003 to pay for fertility treatments. He mailed a promissory note with the check. I never signed the promissory note. He is now demanding payment and interest. Is the promissory note enforceable?
Asked on 5/26/11, 7:25 pm
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
As a Franchise Attorney I can say the following. The written promissory note is not likely enforceable, but it appears it was a loan and therefore there is an obligation to repay. Your father could sue, claiming a number of theories - including an oral promissory note. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Answered on 5/27/11, 6:06 am
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