Archive for February, 2010

Demand Promissory Note - Promissory Note Payable on Demand

Thursday, February 4th, 2010

A Demand Promissory Note is relatively a simple note in the arrangements of interest rates and repayment. This note does not carry a fixed end date, but is due when the lender demands it to be repaid. That is, the borrower doesn't need to pay back the loan ...

When Does a Spouse Need to Sign a Promissory Note?

Tuesday, February 2nd, 2010

To make a Promissory Note valid, the borrower must sign the note. Sometimes, the lender may ask the borrower's spouse to sign the Promissory Note as well when the loan is made for a business that both husband and wife run, or for a property that both spouses own, ...