QUESTION
If I loan a person money & write out a contract & it is signed by me & that person but don't have it notarized is it still legal & binding in New Jers
Asked on Dec 11th, 2017 on Contracts - New Jersey
More details to this question:
The family doesn't have enough money to bury there uncle so I am loaning them the money I wrote up a contract for them to pay me back but I don't have in notarized but it was signed between the two parties is it still legal and binding in New Jersey
1 ANSWER
Most contacts don't even have to be written to be enforceable, and only a very few have to be notarized. I see no reason why this simple loan contract would have to be notarized. The problem is that, without a notary, it will be more difficult (but by no means impossible) for you to prove that the other party signed the contract, should they dispute it.
Answered on Dec 12th, 2017 at 2:32 PM