BonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 9 months agoFor some reason sovcit can't find the legislation for this fanciful idea.lemmy.worldimagemessage-square34fedilinkarrow-up1284arrow-down13
arrow-up1281arrow-down1imageFor some reason sovcit can't find the legislation for this fanciful idea.lemmy.worldBonesOfTheMoon@lemmy.worldM to InsanePeopleFacebook@lemmy.world · 9 months agomessage-square34fedilink
minus-squareJustas🇱🇹@sh.itjust.workslinkfedilinkarrow-up26arrow-down1·edit-29 months agoLocal proof of this: Regarding promissory notes, they are definitely a thing, also known as a note payable, two people agree that x will pay y with a certain amount and interest and it is as good as money, but you can’t just randomly write one up. Wikipedia link
minus-squareThaumiel@lemmy.worldlinkfedilinkarrow-up16·9 months agoBut is his promise note actually a promissory note? Or is it some sovcit bullshit to avoid banks?
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkarrow-up15·9 months agoIt’s only a promissory note if the bank agrees and signs it too.
minus-squareJustas🇱🇹@sh.itjust.workslinkfedilinkarrow-up5arrow-down1·9 months agoI suppose he will try to make a fake promissory note and try to give it to the bank.
Local proof of this:
Regarding promissory notes, they are definitely a thing, also known as a note payable, two people agree that x will pay y with a certain amount and interest and it is as good as money, but you can’t just randomly write one up.
Wikipedia link
But is his promise note actually a promissory note? Or is it some sovcit bullshit to avoid banks?
It’s only a promissory note if the bank agrees and signs it too.
I suppose he will try to make a fake promissory note and try to give it to the bank.