A promissory note, in its simplest form, is an instrument by which a Borrower (the Maker) acknowledges its obligation to repay the Lender (the Payee). Historically, Lenders required Borrowers to enter ...
The Fourth District Court of Appeal recently held that a promissory note is a negotiable instrument even though it references provisions in the mortgage. Onewest Bank, FSB v. Jose Nunez, Case No. 4D13 ...
On May 18, 2009, the Australian Taxation Office (ATO) issued a Taxpayer Alert TA 2009/10 regarding the non-commercial use of negotiable instruments through self-managed superannuation funds (SMSFs).