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Yes, but it wouldn't necessarily be binding as there must be consideration provided by both parties to such a agreement. The note would have no value and would be nothing more than an IOU.
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∙ 11y ago
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Can someone sue for money if no promissory note it signed?
no
What is a paper note that promises to repay money in a certain lenght of time?
A paper note that a borrower promises to repay money in a certain length of time is called a promissory note. A bank loan is a type of promissory note. Individuals can also use this type of note when someone owes them money.
Wording for promissory note?
wording for promissory note with collateral
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
Is Loaning money to another company through a promissory note an asset source transaction?
FALSE
Is the amount of promissory note is called maturity value?
No, the amount of the promissory note is the face vale not maturity value. Maturity value is the value of the money on the promissory note after a period of time.
Can someone sue for money if no promissory note it signed?
no
On a promissory note the payee is the?
The payee is the one who will receive the money promised in the note.
What is a sentence for promissory note?
I needed to sign a promissory note for my student loan money.The bank is legally owed money when you sign a promissory note.The promissory note was only one page long but used complicated language.
What is a paper note that promises to repay money in a certain lenght of time?
A paper note that a borrower promises to repay money in a certain length of time is called a promissory note. A bank loan is a type of promissory note. Individuals can also use this type of note when someone owes them money.
Wording for promissory note?
wording for promissory note with collateral
Does a promissory note have to do about just money?
Not necessarily - could be a promise of a product or service
What is the definition of demand promissory note?
A promissory note is defined as an instrument in writing (not being a bank note or a currency note), containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument.
Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
Why currency note is not a promissory note?
A modern government issued currency note is not a promissory note, although currency did evolve from the concept of a promissory note. A promissory note is a promise from a specific individual, group or entity to pay "money" to the noteholder generally within a certain timeframe. When banks first issued banknotes, they were indeed a promise to pay to the holder in gold or other precious metal (what was then considered "money") in an amount equal to the face value if presented to the bank. When governments over the issuance of banknotes, the promise remained -- until the gold standard was abolished and the paper notes themselves became "money" rather than just promises for money.
How can you use the word promissory in a sentence?
She signed a promissory note as a commitment to repay the loan on time.
What Is promissory?
A promissory note is defined as an instrument in writing (not being a bank note or a currency note), containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument.
