Blog Bite: Can a lost promissory note be enforced?

This article United States: Assignee Bank May Seek Recovery Based On Lost Promissory Note discusses an Alabama Supreme Court decision that held that the assignee of a lost promissory note was entitled to rely on a lost note affidavit to enforce its claim against the maker of the note. Although the court applied principles of common law, courts in other jurisdictions or countries might rule differently.

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Written by Chris.