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Is an undated promissory note legal?

Is an undated promissory note legal?

Full question:

Is an undated promissory note legal?

Category: Debts and Credit
Subcategory: Promissory Notes
Date: 04/07/2025
State: New York

Answer:

A promissory note is not required to be dated in order to be valid. However, undated promissory notes may create evidentiary problems. For example, it may be difficult to prove the deadline for payment if a promissory note states that payment is due in 30 days and the note isn't dated.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

How to invalidate a promissory note?

To invalidate a promissory note, one must typically prove that it was created under duress, fraud, or misrepresentation. Additionally, if the terms are ambiguous or if the note lacks essential elements, such as a clear promise to pay or the signature of the maker, it may also be deemed invalid. In some cases, if the note was not delivered or accepted, it could be challenged as well.

What makes a promissory note legally binding?

What makes a promissory note invalid?

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Does a promissory note need to be dated?

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