a)How many years is a promissory note valid in the state of NJ?
b)If the Promisor dies and his wife didn't sign on the promissory note, is she responsible for any of his debt?
1 Answer from Attorneys
Re: Promissory Note
Assuming that you have given all of the needed information (and no insult, I assure you, it is almost impossible for a person to give ALL of the critical information in a posting like this), then you may want to consider the following ideas.
Usually, a promissory note would be valid for six years; it could be a different time period, depending on a variety of factors. The time period normally starts to run on the later of the signing of the note or on the date of last payment (although this could be extended by other circumstances).
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