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K. 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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