Promissory Note

Promissory note is an enforceable promise to pay back a loan or dept. For example, you are lending $100.00 to a friend of yours and he gives you a promissory note assuring to pay back $100.00 that he borrowed from you on demand or at a specified time. The person who makes that promissory note is called the maker and the person who holds the promissory note to collect $100.00 is called the holder. A signed promissory note is a negotiable instrument and can be transferred to other party.

The maker of the promissory note is liable for paying $100.00. Should you feel that you have a financial claim on a party(s), do not hesitate to contact His Masters Legal Services Professional Corporation at 416-757-2525.

“Get up and call us; don’t give up your right.”

Licensed Paralegal

Rajan Mahavalirajan

416.757.2525

416.750.9191

info@masterslegal.com

1193A, Brimley Road,
Suite 1,
Toronto, Ontario,
M1P 3G5, Canada

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