My brother signed over his motorcycle to me. Is it legal that there was no witness?

Full Question:

My brother signed over his motorcycle to me. So it is in my name . If he signed a paper stating he would pay this person $1500 by a certain date and if he did not he would give the motorcycle to them. Is it legal that the paper was not witnessed?
05/29/2007   |   Category: Personal Property   |   State: Iowa   |   #6019

Answer:

A promissory note is not always required to be notarized and witnessesed, even if it includes a security interest. The contract is binding as long as the basic elements of a contract exist. Please see:

http://definitions.uslegal.com/c/contract-law/