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Will a handwritten promissory note stand up in court?
I'm loaning a person close to me some money. This person has proven to be very unreliable with loans and help from me in the past. I really don't have time to go to a notary public or anything like that, so, I was wondering if a simple IOU note signed by me and the person receiving the loan would be enough to hold up. If worse came to worse.5 years ago - 5 answers
Unfortunately only a notarized note will work in court.. for your safety you should get it done anyway. Can I borrow some money? LoL!5 years ago
If you don't have time for a notary...which takes like 5 minutes, where would you find time to take someone to court....which takes a lot longer?
I would suggest your best chances is to have the note notarized atleast.
A note will not stand up in court. Try and get something that is unrefutable, such as witnesses or something that cannot be argued. Why are you lending an unreliable person money anyway?
Source(s)by airotciv - 5 years ago
Yes a hand written promissory not will stand up in court.. but you could at least type it out : )~
And its none of my business but loaning someone money who you KNOW probably wont pay you back.. tisk tisk.. you might as well just give it to them...
that old saying is never loan out what you cant afford to give...
Not saying that you can AFFORD to give but figuratively speaking...
Although the person above is a law student.. i took business law 1 & 2 and remember something completely different.. i specifically remember the book saying that a it can be handwritten... as long as you have it... and they signed it... : )
As long as it is true and no lies and has a meaning i cant see why not.by SCHUMIGIRL1956 - 5 years ago