Legal Question in Business Law in Georgia

Iou

What does it take to make an IOU binding?


Asked on 2/27/09, 11:21 am

1 Answer from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Iou

If there is no real estate involved, you can do it on a handshake, as long as there are witnesses so as to take it out of the "he said, she said" arena. It doesn't HAVE to be in writing, but, obviously, a writing makes it easier to prove. It does not have to be notarized.

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Answered on 2/27/09, 11:41 am


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