February 21, 2012 at 3:08 pm EST
#2875
commonbanker
Member
Wow…noone willing to wade in? This is either to obvious to deserve a response or a grey area. I personally think it’s black and white. A promissory note is a contract…and can only be extended past the maturity date by executing a new promissory note.
Surely that will spur some interest in the contrary group? Would like to hear an opposing argument.
Thanks!!