At first glance, there’s not much to get about promissory notes. A basic denotative understanding of the construct of the word “promissory” will tell you what you can expect to find in these notes: promises of future action or money owed. But it’s important to understand that a promissory is not as simple as an [...]
Read More »With a name like “Uniform Commercial Code Form,” the UCC form might be a little confusing to some people. If you’ve never heard of it, you might think it pertains to establishing consistent business uniforms at your local fast food chain. But the truth about UCC forms is that they can have very serious consequences [...]
Read More »Taking out a mortgage loan is a serious thing – it means that you’re making a 15 or even 30 year commitment to a bank and promising to pay them an extraordinary amount of money over that time period. And yet many people not only find that this commitment suits them, but they are actually [...]
Read More »When people hear about the promissory note, they often have a similar reaction: “oh, you mean an IOU.” But there’s a stark difference between a promissory note and an IOU – a difference so stark, in fact, that it could potentially have major consequences for you if you signed one thinking it was the other. [...]
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