Promissory Note for Individuals with Interest and Instalments
This Interest & Instalments Promissory Note is a simple way of acknowledging a debt. It is a legally binding
As a general principle, for promissory notes, the law presumes (contrary to the usual rules of contract) that consideration is provided. Thus it is not necessary to execute a promissory note as a deed.
The debt recorded by this Promissory Note is unsecured.
This Promissory Note is designed to be used by
If you require a promissory note with more basic provisions or drafted for use by a company, please see the related document links below right.
This Promissory Note (Interest and Instalments) is
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