Legal Question in Credit and Debt Law in Texas

Is a promissory note drawn up by the lender, that is selling a business to the borrower. Allowing the borrower to make payments to the lender until it is paid in full. and then signed by the borrower and the lender in front of a Notary Public that witnesses it and stamps it. Does that make it a binding legal document?


Asked on 11/17/10, 5:38 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Yes.

Generally, a promissory note isn't even notarized.

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Answered on 12/01/10, 10:11 am


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