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A promissory note would be more accurately described as a legal document, rather than a business letter.

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12y ago
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Q: Is promissory note a business letter?
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Related questions

If you have a promissory note based on a business loan and you file bankruptcy on that business loan is the promissory note still valid?

Even though you file bankruptcy, you still have to honor the promissory note. If you are ordered to make installment payments then you will have to pay the promissory note in installments.


Does a promissory note provide proof of ownership for a business?

when selling you business does a promissory note provide proof of ownership for teh buyer?


Paano gumawa ng promissory note?

promissory letter


Where can one find a free promissory note template?

One is able to find a free promissory note template both online at promissory note template website, and on Microsoft where there is a program dedicated to letter and note making.


Where can one find a sample of a promissory note?

A sample of a promissory note can be found at websites, that have office forms or business form templates, such as the Rocket Lawyer website. A website called Legal Forms also have promissory note samples.


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.


How can you use the word promissory in a sentence?

She signed a promissory note as a commitment to repay the loan on time.


When should one get a promissory note?

A promissory note is to provide and record details of a loan. One should receive one if a personal loan, business loan or real estate transaction has taken place. A promissory note is legally binding and can be used in a court of law if the borrower does not pay. It is a more complicated version of an IOU.


How do you issue a promissory note?

A promissory note is a fancy legal name for a legally phrased I.O.U.


Amount of promissory note is called?

The amount written on the face of a promissory note is called face value or principal. The date on which the promissory note is written is called the issue date.


Sample of promising letter?

A sample of a promising letter can be a letter that promises to pay back a loan. This type of letter is called a promissory note.