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Is an undated promissory note valid under the law?

Is an undated promissory note valid under the law?

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 does not need to be dated to be valid. However, an undated note can lead to evidentiary challenges. For instance, if a note specifies payment is due in thirty days but lacks a date, it may be hard to determine the payment deadline.

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.

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