Can an allonge to a promissory note states different terms from the original?
Full Question:
Can you attach an allonge to an existing promissory note that states different terms from the original note?
12/18/2016 |
Category: Documents ยป Allonage |
State: Colorado |
#28324
Answer:
If you attach provisions to an existing Promissory Note it may be considered an addendum or amendment. If the parties all sign the allonage or addendum and the terms are not consistent with the provisions of the original note the attachment should state that the terms of the allonage controls if that is the intent of the parties.