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What should the borrower do if the IOU is due

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What should the borrower do if the IOU is due


        

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  • 2024-05-26 12:01:38

    The party concerned may bring a civil action to the people's court and demand the other party to repay the arrears.

    If the promissory note has an agreed jurisdiction, it shall be executed as agreed; If there is no agreement, a lawsuit can be filed to the people's court where the defendant is domiciled or the people's court where the contract is performed (where the plaintiff is domiciled).

    [Legal Basis]

    In Article 23 of the Civil Procedure Law, a lawsuit brought on a contract dispute shall be under the jurisdiction of the people's court of the place where the defendant has his domicile or where the contract is performed.

    Zhu***

    2024-05-26 12:01:38

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