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PIT_PIT [208]
1 year ago
10

bastion borrows money from federico to purchase a car. federico has bastion sign a piece of paper indicating his agreement to pa

y the amount owing to federico for the loan. this would be considered a
Business
1 answer:
sladkih [1.3K]1 year ago
5 0

Bastion borrows​  from Federico to purchase a car. Federico has Bastion sign a piece of paper indicating his agreement to pay the amount owing to federico for the loan. This would be considered a promissory note.

<h3>What is the purpose of a promissory note?</h3>

A promissory note, whether between companies or between individuals, is a convenient way to clearly document a loan and have all the terms and conditions involved in writing so that there is no doubt as to the amount borrowed and the due date.

<h3>Promissory note:</h3>

A promissory note, sometimes called a promissory note, is an agreement by one party to pay the other party a specified amount at a fixed or determinable time in the future or at the request of the payee. A legal document that provides a written promise to under special conditions

Learn more about promissory note:

brainly.com/question/27132271

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