Is there a grace period after signing a promissory note that you can cancel?
1 Answer from Attorneys
Read the note. Does it contain any kind of cancellation? Any truth in lending type disclosures? What kind of promissory note is this? With a private party? Or a business that regularly lends money?
If this was just a promissory note between two acquaintances/friends, then there is no cancellation period. If this was a business which lends money, there should be a 3-day cancellation period.