answersLogoWhite

0


Best Answer

The borrower and the lender.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Who are the original parties to the promissory note?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Collect a sample of a Promissory Note and describe its features Also describe its usage and the involvement of the parties concerned?

sample of a Promissory Note and describe its features. Also describe its usage and the involvement of the parties concerned


What is the minimum allowable interest rate on a promissory note between two private parties in the state of Florida?

Minimum interest upon promissory note in wisconsin Loo


Does holder have the rights to add the words on demand on the face of the promissory note after making it?

Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.


What is the difference between a Promissory Note and a Loan?

A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.


Wording for promissory note?

wording for promissory note with collateral

Related questions

Collect a sample of a Promissory Note and describe its features Also describe its usage and the involvement of the parties concerned?

sample of a Promissory Note and describe its features. Also describe its usage and the involvement of the parties concerned


What is the minimum allowable interest rate on a promissory note between two private parties in the state of Florida?

Minimum interest upon promissory note in wisconsin Loo


Does holder have the rights to add the words on demand on the face of the promissory note after making it?

Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.Absolutely not. A promissory note cannot be altered by either party after it has been signed, unless both parties agree to the changes in writing and signed by both parties.


What is the difference between a Promissory Note and a Loan?

A loan is a sum of money which is borrowed on the condition that it will be paid back.A promissory note is a written promise to pay the loan that sets forth the terms of the loan and is signed by both parties.


Wording for promissory note?

wording for promissory note with collateral


Can a promissory note be legally binding if not notarized?

Yes, promissory notes can be legally binding even if not notarized. Notarization is not typically required for a promissory note to be enforceable, as long as the essential elements of a contract are present and the parties consent to the terms.


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.


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.


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.


What is a deed of trust and how does it work?

It is evidence of a mortgage loan secured by a promissory note. It includes three parties: a trustor, a trustee and a beneficiary for it to be valide.