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/
