A promissory note is a promise in writing made by one or more persons to another, signed by the maker, promising to pay at a definite time a sum of money to a specific person or to "bearer." The maker is the person who writes out and creates the note. A guaranty is a contract under which one person agrees to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fails to do so. Joint and several liability refers to a shared responsibility for a debt or a judgment for negligence, in which each debtor or each judgment defendant is responsible for the entire amount of the debt or judgment. The person owed money can collect the entire amount from any of the debtors or defendants and not be limited to a share from each debtor.
A Harris Texas complaint against makers of promissory notes and personal guarantors for joint and several liabilities involves a legal action filed in Harris County, Texas against individuals or entities who have entered into a promissory note agreement and provided personal guarantees for the repayment of a debt. This type of complaint seeks to hold the makers of the promissory note and personal guarantors responsible for fulfilling their obligations under the agreement. When filing a complaint in Harris, Texas, the plaintiff has the option to name different types of complaints based on the specific circumstances of the case. Some possible variations may include: 1. Harris Texas Complaint Against Makers of Promissory Note for Joint and Several liabilities: This type of complaint focuses solely on the individuals or entities who have signed the promissory note and are deemed responsible for the debt. It alleges that the makers of the promissory note failed to repay the debt according to the terms outlined in the agreement. 2. Harris Texas Complaint Against Personal Guarantors for Joint and Several liabilities: In this case, the complaint targets the personal guarantors who have signed an agreement to guarantee repayment of the debt in the event the makers of the promissory note default. The complaint alleges that the personal guarantors have failed to fulfill their obligations as stated in the guarantee agreement. 3. Harris Texas Complaint Against Makers of Promissory Note and Personal Guarantors for Joint and Several liabilities: This type of complaint combines both the makers of the promissory note and the personal guarantors, holding them jointly and severally liable for the debt. The complaint alleges that both parties have breached their respective agreements by failing to repay the debt in accordance with the terms outlined in the promissory note and guarantee agreement. In any of these variations, the complaint will typically outline the details of the promissory note, personal guarantee agreements, the amount owed, the terms of repayment, and any alleged breaches by the makers of the note or personal guarantors. It may also seek specific remedies, such as monetary damages or the enforcement of the repayment terms.A Harris Texas complaint against makers of promissory notes and personal guarantors for joint and several liabilities involves a legal action filed in Harris County, Texas against individuals or entities who have entered into a promissory note agreement and provided personal guarantees for the repayment of a debt. This type of complaint seeks to hold the makers of the promissory note and personal guarantors responsible for fulfilling their obligations under the agreement. When filing a complaint in Harris, Texas, the plaintiff has the option to name different types of complaints based on the specific circumstances of the case. Some possible variations may include: 1. Harris Texas Complaint Against Makers of Promissory Note for Joint and Several liabilities: This type of complaint focuses solely on the individuals or entities who have signed the promissory note and are deemed responsible for the debt. It alleges that the makers of the promissory note failed to repay the debt according to the terms outlined in the agreement. 2. Harris Texas Complaint Against Personal Guarantors for Joint and Several liabilities: In this case, the complaint targets the personal guarantors who have signed an agreement to guarantee repayment of the debt in the event the makers of the promissory note default. The complaint alleges that the personal guarantors have failed to fulfill their obligations as stated in the guarantee agreement. 3. Harris Texas Complaint Against Makers of Promissory Note and Personal Guarantors for Joint and Several liabilities: This type of complaint combines both the makers of the promissory note and the personal guarantors, holding them jointly and severally liable for the debt. The complaint alleges that both parties have breached their respective agreements by failing to repay the debt in accordance with the terms outlined in the promissory note and guarantee agreement. In any of these variations, the complaint will typically outline the details of the promissory note, personal guarantee agreements, the amount owed, the terms of repayment, and any alleged breaches by the makers of the note or personal guarantors. It may also seek specific remedies, such as monetary damages or the enforcement of the repayment terms.
