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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.


Where can you get promissory notes in India?

Where a promissory note is made payable in a different place from that in which it is made or endorsed, the law of the place, where it is made payable determines what constitutes dishonour and what notice of dishonour is sufficient. http://www.dreamhomedecors.com/home-garden-decor/


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 are the terms of a chattel mortgage?

the buyer signs a promissory note, secured by the product, that constitutes a promise to repay the debt. The mortgage will typically contain an acceleration clause


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.


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.


What is an all inclusive deed of trust?

An All Inclusive Deed of Trust (AIDOT) is an instrument made that encompasses an existing encumbrance (mortgage/Deed of Trust (DOT) with new terms irrespective of the existing [underlying] promissory note and DOT.


What is an all inclusive trust deed?

An All Inclusive Deed of Trust (AIDOT) is an instrument made that encompasses an existing encumbrance (mortgage/Deed of Trust (DOT) with new terms irrespective of the existing [underlying] promissory note and DOT.


Difference between bill of exchange and promissory note?

difference between bill of exchange and promissory note?