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Can you legally back date and sign a "promissory note" (after several years), that was previously a "handshake agreement"?
Optional Information: Country relating to Question: United States State (if USA): North Carolina Already Tried: Just starting
Welcome and thank you for your question!One cannot go back in the sense that you've described. However, the parties are free, TODAY, to prepare and sign a promissory note about a Loan that was made in the past. In other words, it would be dated today and list when the loan was originally made and reflect the repayment agreement terms.It has been my pleasure to assist you today with your information needs. It is my goal that you are satisfied. No expert can promise you an answer that is favorable to your circumstances. But I will do my very best to explain the legal principles that are related to the facts you’ve described so that you can better understand the “why” of things. What are your options now?If you wish to continue this conversation, click on the Continue Conversation link. If you are satisfied that I have answered your question, then please rate the answer with a four or a five so that I receive credit for assisting you. Positive ratings are the only way I receive credit for assisting you today.IF you feel the need to click either "Helped a little" or "I expected more," then do not rate me (not yet, anyway!). Instead, reply to me using the REPLY or CONTINUE CONVERSATION button. Specify what additional information you need and I will be happy to continue further and do everything I can to provide you with the service you seek. Thanks, ~~ J.B.
Experience: Explains legal matters based on 14+ years experience.