Talk:Promissory note
Page contents not supported in other languages.
 | This article is ratedStart-class on Wikipedia'scontent assessment scale. It is of interest to the followingWikiProjects: | ||||||||||||||||||||
| |||||||||||||||||||||
There is another very common financial and legal use for the term "Demand Note", which is a promissory note that is payable upon demand by the lender (rather than having a term). I think we should create a stub article and disambiguation page to distinguish the use, or add a footnote to this article making the point.Sam16:01, 24 May 2006 (UTC)[reply]
A commercial link has appeared three times on this article after being removed for a company known as Loan Back. The template was added to warn users of this link. The users that added the link was twice public, and once authenticated as Loanback. User has been warned.PsYoP7815:24, 2 August 2006 (UTC)[reply]
I would be interested to know the legal status of Promissory Notes in Europe. All the information I have been able to find on the web re this subject deals only with US law. Are Promissory Notes valid in the EU? And if so, how are they enforced?MM
Promissory Notes are acceptable anywhere they are recognized as money, which is anywhere there is a bank that is a member of the International Monetary Fund (IMF). This is the UN's bank established by the bankers of the Federal Reserve.
Since the beginning of known civilization sovereign countries and free men have continually developed languages in an attempt to communicate and cooperate. As such, there is always a continuing need for ongoing teaching, agreement and understanding of Natural Law in the present day, on the cutting edge of human experience.
Many of our most foundational understandings of Natural Law have been learned and taught and relearned so many times that it has become unecessary to ejudicate them anymore. These become known as maxims. Out of these maxims have come several volumes of laws and rules that are further attempts at codifying Natural Law into a universally acceptable set of ideas that any two sovereign persons can rely on. Sovereigns being further described as any corporations, merchants, individuals, countries, banks, etc thats involved in any kind of commercial transactions. Hence, the idea of Merchant Law most often referred to in the international, a.k.a. 'admiralty' jurisdictions. The UCC or Uniform Commercial Code is our modern day codification of Merchant Law as developed out of centuries of world-wide commerce.
In the UCC, it explains what is commonly accepted among bankers as money. Bills of Exchange, Promissory Notes, Drafts and like are common forms of money that are as old as commerce itself. In fact, all the worlds currencies, including the Federal Reserve Note, is just that, a promissory Note. The note is only given value when any two or more parties agree that it has a specific value. Otherwise, it's just paper!
The short answer then being, Promissory notes are legal and common forms of exchange at any bank in the world that can verify its value. This would be at least any bank under the IMF, which is just about all of them. Enforcement jurisdiction, I imagine, varies depending on how any two parties might agree to do so. An International Law specialist might know about common practices and standards specific to the industry. Hope this rambling was as helpful for you as it was for me!—Precedingunsigned comment added byTotldork (talk •contribs)
I appreciate your entry about promissory notes.
I wonder if you could clarify what the essential elements of a promissory note are, if there are any, to make the note legal. For example, I recently found a copy of a promissory note that is only signed by the people who were the promisors. Does it need any other signatures? Does it need to be notarized? (There is a mortgage and a 2nd mortgage associated with it, and I have them as well.)—Precedingunsigned comment added by75.90.224.42 (talk)16:51, 30 October 2007 (UTC)[reply]
Does the LENDER need to sign a promissory note (based on an unsecured loan)?—Precedingunsigned comment added by129.82.128.138 (talk)20:13, 18 August 2009 (UTC)[reply]
According tohttp://www.merriam-webster.com/dictionary/promissory%20note, a promissory note is "a written promise to payat a fixed or determinable future time a sum of money to a specified individual or to bearer" (i added the emphasis), which the article omitted in the IOU discussion; combined with the bafflegab "affirmative undertaking" -- a combination of two vague abstractions, that lack left the sentence useless.
The lk toIOU in that passage is also unacceptable: IOU is a Dab, and the closest we have to a corresponding article is the passage that lk'd to the Dab. The treatment here must be expanded so it makes some kind of sense to non-lawyers. Examples would be great.
--Jerzy•t05:32, 19 July 2008 (UTC)[reply]
The local interlanguage links (fr, de) overriding the wikidata-links to other language versions confuse me quite a bit. Do they serve a useful purpose? Otherwise I would strongly suggest to delete them as they currently do the following (German example): One goes frompromissory note tode:Schuldscheindarlehen, but cannot go back becausede:Schuldscheindarlehen has only a French version ...WatkynBassett (talk)20:24, 23 May 2023 (UTC)[reply]
