{"id":10799,"date":"2022-03-09T01:22:10","date_gmt":"2022-03-09T06:22:10","guid":{"rendered":"https:\/\/citylaws.com.mx\/?p=10799"},"modified":"2022-03-16T16:01:29","modified_gmt":"2022-03-16T21:01:29","slug":"que-es-un-pagare","status":"publish","type":"post","link":"https:\/\/citylaws.com.mx\/en\/abogado-mercantil\/que-es-un-pagare\/","title":{"rendered":"What is a Promissory Note?"},"content":{"rendered":"<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-3aa1a596\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-d1e2300c\">\n<h1 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">What is a Promissory Note?<\/h1>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\">The promissory note is a title of credit that contains:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><em>\u201cAn unconditional promise to pay a specified sum of money made by a person called the subscriber to another person called the beneficiary or holder.\u201d<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center\">Its issuance, issue, endorsement, endorsement or acceptance and other operations recorded in it are acts of commerce.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-f28aa691\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-e2779bfa\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets10.lottiefiles.com\/packages\/lf20_pv3vjlpk.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" width=\"300\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\">Through a promissory note a person unconditionally agrees to pay another person a certain sum of money.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-black-background-color has-black-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-2c9686a5\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-c7f3d24b\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What should a Promissory Note contain?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><strong><strong><strong>According to the&nbsp;<a href=\"https:\/\/www.diputados.gob.mx\/LeyesBiblio\/pdf\/145_220618.pdf\" class=\"broken_link\" target=\"_blank\" rel=\"noopener\">General Law of Securities and Credit Operations<\/a>, the promissory note must contain<\/strong><\/strong><\/strong>:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<ul class=\"has-white-color has-text-color\"><li>The mention of being a promissory note inserted in the text of the document.<\/li><li>The unconditional promise to pay a specified sum of money.<\/li><li>The name of the person to whom the payment is to be made.<\/li><li>The time and place of payment.<\/li><li>The date and place where the document is signed.<\/li><li>The signature of the subscriber or of the person who signs at his request or on his behalf.<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-0d958e15\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-56b6a96e\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">\u00bf<strong>What are the consequences of the promissory note not having an expiration date?<\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">If a promissory note does not mention the expiration date, it will be considered that the subscriber must pay it when the beneficiary or holder presents the document to him, that is when he places it at his sight.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color\"><a class=\"rank-math-link\" data-mode=\"drawer_right\" style=\"display: inline-block; text-decoration: none; background-color: #457a53; color: white; cursor: pointer; font-family: Helvetica,Arial,sans-serif; font-size: 20px; line-height: 50px; text-align: center; margin: 0; height: 50px; padding: 0px 33px; border-radius: 25px; max-width: 100%; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; font-weight: bold; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale;\" href=\"https:\/\/citylaws.com.mx\/en\/iniciar-sesion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Book Free Advice<\/a><\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-092e4253\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-80d236e5\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\"><strong>What happens if the place of payment is not mentioned in the promissory note?<\/strong><\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">If a promissory note does not mention the place of payment, the place of payment will be deemed to be the domicile of the subscriber of the promissory note.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-617e1e27\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-aba2a1e3\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets9.lottiefiles.com\/packages\/lf20_CEyvj2.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" width=\"300\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-eb3dedde\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-d0047b5e\">\n<h2 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">Can a promissory note be signed leaving the space for the amount to be paid blank?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">A promissory note must necessarily have the indication of the unconditional promise of payment of a certain sum of money, it is an essential requirement, of existence of the document.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\"> <span style=\"background-color: transparent;\">Indicating the amount of payment allows to have certainty of the scope of the obligation in charge of the subscriber.<\/span> <\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-8dcb46ba\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-a00f271e\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What happens if the amount to be paid written in numbers is different from the one written in letters on the promissory note?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><span style=\"\"><b>In the event that there is a difference between the amount to be paid written in numbers and the amount written in letters, the amount written in letters will be valid.<\/b><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-c16bca0b\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-c4926469\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets5.lottiefiles.com\/packages\/lf20_slGFhN.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" width=\"300\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-a85f0a8b\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-1cc92515\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What happens if the document does not mention that it is a promissory note?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The mention that the document is a promissory note is one of the formal, essential and existence requirements of the promissory note, since if it did not contain this element it would be difficult to distinguish it from other documents or titles of credit and determine the legal effects of the document.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color\"><a class=\"rank-math-link\" data-mode=\"drawer_right\" style=\"display: inline-block; text-decoration: none; background-color: #457a53; color: white; cursor: pointer; font-family: Helvetica,Arial,sans-serif; font-size: 20px; line-height: 50px; text-align: center; margin: 0; height: 50px; padding: 0px 33px; border-radius: 25px; max-width: 100%; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; font-weight: bold; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale;\" href=\"https:\/\/citylaws.com.mx\/en\/iniciar-sesion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Book Free Advice<\/a><\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-52b62413\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-20bff788\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What happens if the promissory note does not contain the signature of the obligor to pay?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">Through the signature arises the obligation of payment by the subscriber, without the signature, the promissory note has no legal effect.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The signature of the subscriber of the promissory note or of the person to whom it is requested to do so at his request, is one of the elements of the document&#039;s existence, an essential requirement since the signature is the manifestation of the will to comply with the obligation that the document contains, which is the promise to pay a specified sum of money.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-d8ba89e5\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-dbd14a04\">\n<h2 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">Can the payment of interest be agreed or established in the promissory note?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">Yes, the parties can agree on the payment of default interest by the subscriber, if the subscriber does not pay the determined amount of money contained in the document on the due date of the promissory note. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-632765e8\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-92566783\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets10.lottiefiles.com\/private_files\/lf30_mg5bq9pg.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-152e6b81\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-e8acf1eb\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">Can the parties freely agree on the amount to be paid for default interest?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">Yes, the parties can freely agree on the amount to be paid for default interest.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><span style=\"\"><b>However, according to&nbsp;<a href=\"https:\/\/sjf.scjn.gob.mx\/sjfsist\/Documentos\/Tesis\/2013\/2013076.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"broken_link\">Supreme Court of Justice of the Nation<\/a>, agreeing excessive or disproportionate interest on a promissory note is prohibited and in the event that it is so agreed, the crime of usury is configured.<\/b><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-62aad757\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-96480b91\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">Are only already printed promissory note formats valid?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><span style=\"\"><b>For a promissory note to be valid, it is enough that it meets the requirements established by law, regardless of whether it is a printed format or has been written in handwriting.<\/b><\/span><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-491f90a9\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-bc98a249\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What happens if a person signs a promissory note?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The person who signs or subscribes a promissory note is obliged to pay the determined sum of money that is established in the document in favor of the beneficiary.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-56331098\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-40e4b194\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets4.lottiefiles.com\/private_files\/lf30_Ayp8HY.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-e815157f\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-be2b57f4\">\n<h2 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">Who can sign a promissory note?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">A promissory note can be signed by all those natural and legal persons who have the legal capacity to contract and be bound in accordance with the law.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-b8766b6a\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-aac58029\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets7.lottiefiles.com\/packages\/lf20_3kejx2od.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-156595d7\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-9c7df194\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">Can a person sign a promissory note on behalf of another person?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><strong><strong><strong>Yes, a person can sign a promissory note on behalf of another, as long as that person has representation to sign titles of credit, which may be granted by power of attorney registered with the Public Registry of Commerce or by simple written statement addressed to the third party. with whom the representative will have to contract<\/strong><\/strong><\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-5f8de6f9\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-2832165d\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What are the consequences of signing a promissory note on behalf of another person without mentioning that it is being signed on behalf of another person?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">If a person subscribes a title of credit without legal power or without legal authority to do so, he is personally bound as if he had subscribed it in his own name.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color\"><a class=\"rank-math-link\" data-mode=\"drawer_right\" style=\"display: inline-block; text-decoration: none; background-color: #457a53; color: white; cursor: pointer; font-family: Helvetica,Arial,sans-serif; font-size: 20px; line-height: 50px; text-align: center; margin: 0; height: 50px; padding: 0px 33px; border-radius: 25px; max-width: 100%; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; font-weight: bold; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale;\" href=\"https:\/\/citylaws.com.mx\/en\/iniciar-sesion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Book Free Advice<\/a><\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-e1beecdf\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-93a8b0bb\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">Can a promissory note be transferred?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">&nbsp;The promissory note can be transmitted through endorsement and by delivery of the document.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><em>&quot;The promissory note is a title of credit and as such can circulate, that is, the document and the rights it protects can be transferred.&quot;<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-d4b56795\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-0fc96e2f\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets2.lottiefiles.com\/private_files\/lf30_GAiHca.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">It can also be transmitted by assignment or by any other legal means.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-297b11a2\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-2d425e63\">\n<h2 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">What is the endorsement?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">Through the endorsement, the holder of the document (endorser) expresses his will to transfer the document to another person (endosee). The endorsement must appear in the title of credit or on a sheet attached to it.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-c59436f8\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-f7b72eb6\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets2.lottiefiles.com\/packages\/lf20_gMQp3a.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">The endorsement is a form of transmission of a title of credit.<\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-cb45e1ac\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-03008574\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">By means of the endorsement, the title can be transferred in property, in proxy or in guarantee:<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<ul class=\"has-white-color has-text-color\"><li>The proprietary endorsement transfers ownership of the document and all rights attached to it.<\/li><li>The endorsement in procurement or collection does not transfer ownership but empowers the endorsee to collect the document extrajudicially or judicially.<\/li><li>In an endorsement in guarantee, in pledge or in another equivalent, it attributes to the endorsee all the rights and obligations of a pledgee with respect to the endorsed title and the rights inherent to it, including the powers conferred by the endorsement in power of attorney.<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-681573c1\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-61066b76\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What data should an endorsement contain?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The endorsement must meet the following requirements:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<ul class=\"has-white-color has-text-color\"><li>Name of the endorser.<\/li><li>Signature of the endorser or of the person who signs the endorsement at his request or on his behalf.<\/li><li>The type of endorsement (\u201cin property\u201d, \u201cin proxy\u201d, \u201cin guarantee\u201d).<\/li><li>The place and date.<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color\"><a class=\"rank-math-link\" data-mode=\"drawer_right\" style=\"display: inline-block; text-decoration: none; background-color: #457a53; color: white; cursor: pointer; font-family: Helvetica,Arial,sans-serif; font-size: 20px; line-height: 50px; text-align: center; margin: 0; height: 50px; padding: 0px 33px; border-radius: 25px; max-width: 100%; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; font-weight: bold; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale;\" href=\"https:\/\/citylaws.com.mx\/en\/iniciar-sesion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Book Free Advice<\/a><\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-2-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-collapsedRows-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-a71f81cb\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-04ae5b9a\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">How can payment of a promissory note be guaranteed?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The guarantor is the person who undertakes to pay the document jointly and severally with the signatory of the promissory note.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\"><em>\u201cThe figure of the guarantee is a way of guaranteeing in whole or in part the payment of the promissory note<\/em>.<em>&#8220;<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-e0b6786e\">\n<lottie-player id=\"wp-block-themeisle-blocks-lottie-f321e2d0\" class=\"wp-block-themeisle-blocks-lottie aligncenter\" src=\"https:\/\/assets1.lottiefiles.com\/packages\/lf20_67udfkjc.json\" autoplay loop count=\"0\" speed=\"1\" direction=\"1\" trigger=\"none\" width=\"300\" data-loop=\"true\" mode=\"normal\"><\/lottie-player>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">The guarantee must appear on the promissory note or on a sheet attached to it.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-c770ae0c\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-49900599\">\n<h2 class=\"has-text-align-center has-black-color has-text-color has-large-font-size wp-block-heading\">What happens if the signatory of the promissory note does not pay totally or partially the amount stipulated in the promissory note on the due date?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-black-color has-text-color has-medium-font-size\">The holder of the document may require payment either extrajudicially or judicially.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-c4e4a5f0\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-a791cb29\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">Does the exchange action prescribe to claim the total or partial payment of the document?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">Yes, the exchange action will prescribe in three years counted from the expiration date of the promissory note.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color\"><a class=\"rank-math-link\" data-mode=\"drawer_right\" style=\"display: inline-block; text-decoration: none; background-color: #457a53; color: white; cursor: pointer; font-family: Helvetica,Arial,sans-serif; font-size: 20px; line-height: 50px; text-align: center; margin: 0; height: 50px; padding: 0px 33px; border-radius: 25px; max-width: 100%; white-space: nowrap; overflow: hidden; text-overflow: ellipsis; font-weight: bold; -webkit-font-smoothing: antialiased; -moz-osx-font-smoothing: grayscale;\" href=\"https:\/\/citylaws.com.mx\/en\/iniciar-sesion\/\" target=\"_blank\" rel=\"noopener noreferrer\">Book Free Advice<\/a><\/p>\n<\/div>\n<\/div><\/section>\n\n\n\n<section class=\"wp-block-themeisle-blocks-advanced-columns alignfull has-1-columns has-desktop-equal-layout has-tablet-equal-layout has-mobile-equal-layout has-nogap-gap has-vertical-center\" id=\"wp-block-themeisle-blocks-advanced-columns-ba4678dd\"><div class=\"wp-block-themeisle-blocks-advanced-columns-overlay\"><\/div><div class=\"innerblocks-wrap\">\n<div class=\"wp-block-themeisle-blocks-advanced-column\" id=\"wp-block-themeisle-blocks-advanced-column-f91c75f7\">\n<h2 class=\"has-text-align-center has-white-color has-text-color has-large-font-size wp-block-heading\">What legal actions does the promissory note holder have to claim full or partial payment of the document?<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-medium-font-size\">You will have the exchange action to claim payment of the amount of the promissory note, interest and expenses.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-white-background-color has-white-color is-style-default\"\/>\n<\/div>\n<\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":10910,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[276],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/citylaws.com.mx\/wp-content\/uploads\/2022\/03\/jason-leung-SAYzxuS1O3M-unsplash-2.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/posts\/10799"}],"collection":[{"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/comments?post=10799"}],"version-history":[{"count":0,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/posts\/10799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/media\/10910"}],"wp:attachment":[{"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/media?parent=10799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/categories?post=10799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citylaws.com.mx\/en\/wp-json\/wp\/v2\/tags?post=10799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}