| The promissory note is a convenient tool, an additional guarantee to the bona fide commercial relationship. |
| The way to make sure your father gets paid is to get your brother to sign a promissory note agreeing to repay all the amounts he charged. |
| An example would be when a third party gives a bank a promissory note for the payment of the obligor's debt, which the bank, as obligee, accepts. |
| However, when you take a loan, the loan amount will be treated as an asset in the plan, as it will be replaced by your promissory note. |
| The days when cash, a cheque or a promissory note were the only methods of payment have passed. |
| BankCo accepted the promissory note and agreed to change the terms of the loan, but at a higher rate of interest. |
