What is a promissory note?

Answer 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 »

Top Q&A For: What is 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 »

Is HELOC a promissory note?

A promissory note is an agreement between two parties in which one party agrees to repay a debt. Promissory notes are typically unsecured, meaning that the debtor does not put up any collateral for... Read More »

Is a promissory note self-authenticating?

A promissory note is self-authenticating if produced in a lawsuit to constitute prima facie evidence of non-payment unless a defense is established by the defendant, and in order to collect deficie... Read More »