Q&As

Does a promissory note require consideration to be legally binding?

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Published on LexisPSL on 06/11/2017

The following Dispute Resolution Q&A provides comprehensive and up to date legal information covering:

  • Does a promissory note require consideration to be legally binding?

Does a promissory note require consideration to be legally binding?

Introduction: Stair Memorial Encyclopaedia [269] defines a promissory note as:

'an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in

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