What goes in the first blank of a promissory Note?
Full Question:
Answer:
A promissory note is a written unconditional promise to pay on demand or at a fixed or determined future time a particular sum of money to or to the order of a specified person or to the bearer. A guaranty for a promissory note is where the guarantor guarantees to the payees that the payor will make full payment and performance of all obligations pursuant to the provisions of the promissory note. The guarantor may be joined in any action against the borrower if a default occurs.
We are in the process of revising the language in our Guaranty of Promissory Note forms to make completion of the form easier and will let you know when these forms are available.