Promissory note for Lending Money
4 years ago
My Friend is asking for 4 Lakhs amount for his family urgencies. He is ready to sign a Promissory note of this amount and the return timeline will be of 1 year. Will the Promissory note valid for this much amount. What other securities/guaranty do I have to take.
A.Dear Sir,
It is better to get post dated cheques which is economical to recover the amount.
It is better to get post dated cheques which is economical to recover the amount.
Helpful
Helpful
Share
Read Related Answers
Regarding surity and stay of execution
Dear sir,
You have to implead yourself as a party in the pending case if any otherwise file separate case to discharge you from suretyship.
Recovering Loan given to a Friend
Dear sir
As cheques are undated you can file cheque bounce case which is financially feasibly and you need not pay any court fees.
Credit card payment
Dear Client,
You can try to negotiate a debt settlement with the Bank on your own if your pocket permits to repay the entire outstanding of your credit cards at a time for a one-time settlement of du...
Joint account Chaque with minor signature only
Dear Sir,
Please check whether cheque is acceptable with the signature of minor normally it is not acceptable. Please get an endorsement from the Bank and then get issue a legal notice as provided und...
Cheque and pronote
Dear Sir,
You have done a blunder mistake. However, you may approach the Police and lodge a complaint of cheating for not returning your cheque leafs and pronotes. Even if no action is taken by the Po...
Read Blogs on Debt and Lending Agreement
Debt and Lending Agreement Lawyers
Find Lawyers by Location
