A promissory note is a financial instrument that contains a written promise by one party (the note's maker or issuer) to pay another party (the note's payee) a definite sum of money, either on-demand or at a specified future date. What many don’t know about promissory notes is that they can also be negotiable instruments when the promissory note contains a promise to pay a certain amount without conditions. Checks, bills of exchange, and promissory notes are all considered negotiable instruments because the person who holds these notes can claim payment provided that they are taken: For consideration. In good faith. This book is intended to help you understand what a promissory note is and how you can create your own promissory notes to remedy your alleged debts.
