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what is a Promissory Note ?

#1
                           Frequently Asked Questions about Promissory Notes.


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. ... A demand loan is a loan payable on demand by the lender.

https://www.lawdepot.ca/law-library/Prom...AQ-Canada/
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