Tuesday, 25 March 2014

I gave a loan to a business in 201 can a notebe executed now for that loan?

Question

I gave a loan to a business in 201 can a note

be executed now for that loan?



Answer

If the business recognizes and is willing to execute a note, it can do so. If the note is created it should reflect the current terms of the Note. Based on the limited information in the question, I cannot say the business has any obligation to sign a note now.



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