Pennsylvania Statute Regarding Promissory Note

[SiegeW76]

What is the Pennsylvania statute that governs that a person entered into a promissory note must fulfill the financial obligations of the note?

 

[seniorjudge]

The terms of the note state that the person is obligated to pay.

 

[SiegeW76]

Yes, I completely understand that the obligee has to pay; however, I need to state the statute in my filing document.

 

[seniorjudge]

http://members.aol.com/StatutesPa/Index.html

 

[WebJunkie]

http://members.aol.com/StatutesPa/Index.html

Wouldn't promisary notes fall under general contract law? I would think so, unless there's something written specifically to it.

 

[seniorjudge]

Wouldn't promisary notes fall under general contract law? I would think so, unless there's something written specifically to it.

I couldn't tell you what Pennsylvania does, but promissory note law falls under negotiable instruments.