Upgrad LLM

can a promissory note be transfered


Respected Sir,

Can a PROMISSORY NOTE be transferred to ANY PERSON like NON-BLOOD RELATED , so that he will file a PRO NOTE CASE and proceed further.

Regards,

Suri

 
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Yes he can transfer it to another but it shud be blank and only signed .
 
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Retired employee.

A promissory note is a negotiable instrument and the very purpose of negotiable instrument is transfer.  Consideration is presumption.

 
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Lawyer

Show the document (promisory note) to a local prudent lawyer for better appriciation and guidance, if there is some iota of truth in the statement.

 
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