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K. Promissory Note

1. PROMISSORY NOTE

a. Requisites

1) Consent (i.e. signature portion)

2) Object (i.e. item sold or transacted)

3) Consideration (i.e. purchase price)

b. Magic Words

unconditionally promise to pay my debt|  to [insert: CREDITOR’S NAME] | in the amount of [insert: AMOUNT IN WORDS AND THEN THE FIGURE] | on/before 25 December 2020

c. Reminders

Common parts of a document:

1) Date

2) Signatory

3) Object (i.e. purpose)


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