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Which is an example of representative money?

an IOU note


What is presentment of promissory note?

A "Promissory Note" is a legal IOU. 'Presentment' of it, means that you (or someone) is cashing it in, and wants to be paid.


Is an IOU the same as a promissory note?

Yes, and if properly executed and witnessed it could be considered a legally binding contract.


Is an IOU considered a legal promissory note?

It depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements:must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrower


If you loan your friend money should he sign a promissory note or an IOU?

Only if you ever want to see your money again.


What is the IOU number for Meteor?

Meteor does not offer an IOU service.


When was Even as IOU created?

Even as IOU was created in 1942.


When was Iou Kuroda born?

Iou Kuroda was born in 1971.


What is the IOU number for t mobile?

What is the iou number for t-mobile


How do you get rid of vodafone iou on your phone?

Text 468 'remove IOU' and that will work :)


Can you do a promissory note with no money exchanged?

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.


What is the pun of iou?

IOU is a signed document acknowledging a debt. Process this verbally, then you have: I owe you.