promissory

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A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

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    feeling helpless at the moment concerning a property that we are meant to purchase. In May 2020, we entered into a lease contract with the agreement to purchase the property. In August 2020, we finalised the sale through an offer and acceptance contract that allowed 24 months for purchase. The...
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    • conveyancing deceptive estate agents act estoppel promissory property property law property rights property settlement
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    VIC Promissory Note

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