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Promissory notes are not reliable because lenders must find the borrower before payment occurs. If the borrower disappears or leaves the country, the lender might fail to collect the money owed.

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10y ago

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Related Questions

What are the release dates for Promissory Notes - 1915?

Promissory Notes - 1915 was released on: USA: 12 November 1915


What has the author Richard B Hagedorn written?

Richard B. Hagedorn has written: 'Secured Transactions in a Nutshell' 'The law of promissory notes' -- subject(s): Promissory notes


Where can you find a template for a promissory note for a friend?

The ECSI website has lots of the promissory notes. The ECSI website also has the template which will help in the writing of the promissory note.


What has the author John Tisdall written?

John Tisdall has written: 'Laws and usages respecting bills of exchange, and promissory notes' -- subject(s): Bills of exchange, Promissory notes


What has the author Edward H Smythe written?

Edward H. Smythe has written: 'The law of bills of exchange and promissory notes' -- subject(s): Accessible book, Bills of exchange, Promissory notes


Where does notes receivable go in accounting statements?

Considered to be promissory notes in which the applicant/borrower is entitled to payments.


Is there any type of promissory notes that are amortized over 120 months?

All types of promissory notes can be amortized over 120 months. We can write secured and non secured notes, 1st and 2nd mortgages. car loan etc.


Why did people refuse to accept promissory notes?

Because nobody like you


Is a certificate of time deposit a special types of promissory notes?

YES


What actors and actresses appeared in Promissory Notes - 1915?

The cast of Promissory Notes - 1915 includes: Fred Aldis as James Cuthbert Peggy Coudray as Patsy McQuade Raymond Russell as Vincent Castleman


What has the author G A Dickinson written?

G. A. Dickinson has written: 'Law relating to bills of exchange, cheques and promissory notes in Australia and New Zealand' -- subject(s): Bills of exchange, Checks, Promissory notes


Can you Pay traffic fines with promissory notes?

No, traffic fines typically require payment in the form of cash, credit/debit card, check, or online payments. Promissory notes are not accepted as a form of payment for traffic fines.