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EPGD Law Blog

Tag: Promise
hand holding money
Business Law
Eric Gros-Dubois

What is a Promissory note?

We’ve all heard the old story of two friends sitting at a bar and one agrees to loan the other money. They write out an agreement on a napkin for the loan and believe it or not, if the writing on the napkin includes the required terms, it can be a binding promissory note and enforceable in court.

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