What is the meaning of a promissory note?

Answer Most lenders use some form of legal note to ensure repayment of loans. One of these is called a promissory note. For college students who use loans for their education, most lenders require a promi... Read More »

Top Q&A For: What is the meaning of 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 »

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 »