This is a promissory note for use in connection with the sale and purchase of a horse where financing is involved. It is a simple interest note that may be used in conjunction with an Installment Purchase and Security Agreement.
McKinney Texas Promissory Note - Horse Equine Forms
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In Texas, the validity period of a promissory note can vary based on its specific terms but is generally enforceable for four to six years from the date of default. After this period, it may become too old to enforce through legal action and could be considered stale. It is advisable to understand the timelines applicable to your specific situation. You can utilize resources like McKinney Texas Promissory Note - Horse Equine Forms from uslegalforms to ensure clarity on validity periods.