what does backdated mean in law

For example, if a seller had sold his house in December then the seller could have taken advantage of certain tax benefits. Visit a user's profile start a DM. A document which is backdated in order to obtain a more favorable legal result also is likely to be illegal. Legal Update Thereafter, the promissory note is drafted and dated as of the date the loan was made, not the date that the note was drafted. Firstly, additional formalities may be needed to complete the legal transfer of assets or granting of rights. In this situation, it may be possible to create a document after the event which recites what actually happened, and which records the key terms of the transaction.

WHAT DOES BACKDATED MEAN IN LAW / janiceclark.net

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