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How would you describe a good car?

dynamic. easy-to-drive. economical. effective. electric. elegant. engineered. enhanced.

Does a promissory note hold up in court?

Generally, as long as the promissory note contains legally acceptable interest rates, the signatures of the two contracted parties, and are within the applicable Statute of Limitations, they can be upheld in a court of law.

What do you use to write for sale on a car?

About the California Bill of Sale. A bill of sale is used when cars are sold in a private sale. Its a document that serves as proof of a transaction, and its beneficial to both the seller and the buyer of a vehicle. It also helps the DMV keep track of all car sales so that everything is documented.

Can I use a promissory note to buy a car?

The promissory note should only be used if the buyer intends to make a down payment at the time of purchase and pay the remainder over time.

How long is a promissory note valid?

While the statute of limitations on an action in an obligation, liability, or contract is four years, Commercial Code Section 3118(a) gives a statute of limitations of six years for an action to be enforced on the party to pay their promissory note. This time period starts from the due date thats listed on the note.

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