Posts tagged demand loan.
Posted in Commercial

A promissory note is a written promise by a borrower to pay a sum of money to a lender upon the occurrence of an event, usually a demand for payment.  Promissory notes are often used by friends and family members to record loans made between them.  No one expects there to be problems at the outset and all are sure the loan will be repaid at some point.  But how long do promissory notes ...

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