Notarized Note Legal Binding

Summary

A notarized note in Tennessee may not be legally binding if it lacks essential contract elements such as mutual intent and consideration. To void the note, your grandmother can consider the absence of consideration, mutual agreement to void, or seek legal advice. Consulting with a local attorney can provide specific guidance on the matter.

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If my grandma signed a notarized note stating if she sold her home she would give my cousin half the money is it legally binding?
Hey ****! To better understand the situation, can you tell me if your grandmother's note includes all necessary elements of a contract, like the offer, acceptance, and consideration?
It literally just said if I sell my house at (address) I’ll give (cousins name) half of the money.
Hey ****! Thanks for sharing that detail. For a contract to be legally binding in Indiana, it generally needs:
- Offer and acceptance
- Consideration (something of value exchanged)
- Mutual intent to be bound
- Capacity (parties are of legal age and sound mind)
In your case, the note might lack some of these elements, particularly mutual intent and consideration. It might be best to consult with a local attorney to review the specifics. Would you like to be connected to local lawyers who can assist you further?
It is in tennessee
Case Rating: *
Thank you for the information, ****. Since your case is in Tennessee, I'll provide some general information about contract law in Tennessee:
- Offer and acceptance
- Consideration (something of value exchanged)
- Mutual intent to be bound
- Capacity (parties are of legal age and sound mind)
Your grandmother's note might lack mutual intent and consideration. Would you like to be connected to local lawyers in Tennessee who can assist you further?
No, how would she go about voiding the note
Case Rating: *
To void the note, your grandmother may consider the following steps:
- Lack of Consideration: If no consideration was exchanged, the note may not be legally binding.
- Mutual Agreement: Both parties can mutually agree to void the note.
- Legal Advice: Consult with a local attorney for specific guidance.
Would you like more detailed information on any of these steps?