When is a promissory note taken as security considered not due for payment?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
A promissory note taken as security is considered not due for payment if the creditor subsequently issues a document of discharge of liability to the debtor, unless the creditor proves the invalidity of the discharge with conclusive evidence.
Legal References & Citations
إقرار وكيل المدعى عليها بأن السند لأمر أخذ على سبيل الضمان في بداية التعاقد (من وقائع الدعوى والحكم الابتدائي)
Share this answer:
About Radiif
Radiif is an AI legal platform specialized in Saudi Arabian law, providing answers verified by legal references and articles.
This answer is for general legal education and is not legal advice. Please consult a licensed attorney for your specific case.
Page Stats
Do you have specific details about your case?
Ask Radiif AI Legal Assistant now and get verified answers with exact citations from Saudi law.
Do you want to consult a certified lawyer for this case?
We can suggest a list of certified lawyers with extensive expertise specifically in this domain.