Legal Question in Business Law in Alabama
promissory note
Who is the primary party on a promissory note?
Asked on 11/06/06, 6:49 pm
1 Answer from Attorneys
Re: promissory note
A promissory note is a written promise by a person usually referred to as the maker or obligor.
A principal is the person primarily liable for an obligation.
Answered on 11/06/06, 8:23 pm
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