How Promissory Notes are Repaid There are several different structures for repayment of a promissory note, but most involve repaying the principal plus interest. The interest rate can be fixed or ...

The promissory note represents a binding legal document, enforceable in a court of law. Promissory notes can be sold and transferred, along with the right to collect repayments.

The answer admitted that notice of presentment, demand, refusal, non-payment and protest was given, that the note was due and unpaid, and denied, upon information and belief, each and every other ...