Is there a grace period after signing a promissory note that you can cancel?
Answer
Read the note. Does it contain any kind of cancellation? Any truth in lending type disclosures? What kind of promissory note is this? With a private party? Or a business that regularly lends money?
If this was just a promissory note between two acquaintances/friends, then there is no cancellation period. If this was a business which lends money, there should be a 3-day cancellation period.
No comments:
Post a Comment