How Many Signatures Are Required On A Cognovit Note - Does It Need To Be Witnessed?
I have a question regarding a cognovit note. Does both the creditor and debtor need to sign it for it to be legal? Does it need to be witnessed to be legal?
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This sample one might help - it doesn't seem to require witnesses, but the question is whether cognovit notes are legal anyway; haven't most states ruled them out?
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