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Promissory Note Secured Indd  Carrolllibrary  Form

Promissory Note Secured Indd Carrolllibrary Form

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Instructions and help about Promissory Note Secured Indy Carroll library

Hi I'm Michele welcome back to finally revEvaled in this episode I want to back up a little and talk about a promissory note I talked about when you should get one, and I rEvalized some people might not know what it exactly is a promissory, and it's PR o mi SS o Ry not promissory like some people say, but a promissory note is a document a piece of paper is nothing special it can be typed or handwritten it stems from the old-fashioned IOU and that is what that means I loan you money you owe me you loan me money I owe you and I would write I owe you five dollars and sign my name Michelle and hand it to you, and then you would have that to say hey I'm coming to collect you owe me five bucks give it fork it over well there are rules on when you need to have one for example for the statute of frauds which is covered on another video if you have an obligation or something that you went to in for somebody has borrowed a significant amount it has to be in writing if you want to force them to p

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