In May 1963, Ferri executed a note promising to pay $3,000 to Sylvias order within ten years
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In May 1963, Ferri executed a note promising to pay $3,000 to Sylvia’s order “within ten years after date.” Two years later, Sylvia demanded payment. When refused, Sylvia sued Ferri. Is the note due at a definite time? If so, when? If not, why not? (Ferri v. Sylvia, 214 A.2d 470)
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A promissory note is a written promise in a signed document indicating the payment of a stated sum t...View the full answer
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