How to Assume a Promissory Note?

Answer A promissory note is an agreement to make payments on a debt. These notes are generally used in transactions where there is a piece of real property used as collateral. There are times when a debto... Read More »

Top Q&A For: How to Assume a Promissory Note

Is a promissory note a promissory estoppel?

Promissory estoppel is not a promissory note. Promissory estoppel occurs when a person relies on a promise and has an economic detriment due to the reliance on the promise. Due to the reliance on t... Read More »

How to Sue Over a Promissory Note?

A promissory note is a simple contract between two parties for repayment of a loan. If you lend money to another party and he chooses not to pay, you have the right to sue him in court to get your ... Read More »

What is a promissory note?

A promissory note is a promise to repay a debt, according to The note details the date that payments are due, along with specific terms agreed upon by the parties involved.The Basics... Read More »

What is a convertible promissory note?

Convertible promissory notes are interest-bearing notes that can be converted by the holder to cash, gold or other financial assets at any time. These types of notes are often used by companies to ... Read More »