What is a promissory note and security agreement?

Answer A promissory note and a security agreement are legally binding documents that a borrower will sign when he wants to borrow money. The security agreement is only needed if collateral is involved wit... Read More »

Top Q&A For: What is a promissory note and security agreement

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 »

Can you pay utilities with a promissory note?

While individual companies may vary, utilities companies generally do not accept promissory notes. Instead, pay utilities bills by check, money order, credit card or direct debit from your bank acc... Read More »