Give 3 Significance Of Using Promissory Note​

give 3 significance of using promissory note​

Answer:

(i) The sum of money being advanced

(ii) The date of repayment for the debt

(iii) Other terms of the advance of money

(iv) The identity of the debtor that is to repay the debt

(v) The identity of yourself as the lender

(vi) The debtor’s written recognition of the debt as evidenced by their signature

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