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*See also [[Conditional Sales Contracts and Security Agreements (11:VI)|11:IV Conditional Sales Contracts and Security Agreements]] | *See also [[Conditional Sales Contracts and Security Agreements (11:VI)|11:IV Conditional Sales Contracts and Security Agreements]] | ||
''[https://laws-lois.justice.gc.ca/eng/acts/b-4/page-14.html#h-30390 Bills of Exchange Act]'', RSC 1985, c. B-4, ss. 188-192. | ''[https://laws-lois.justice.gc.ca/eng/acts/b-4/page-14.html#h-30390 Bills of Exchange Act]'', RSC 1985, c. B-4, ss. 188-192 [''BEA'']. | ||
*The ''BEA'' states that a promissory note is a written promise, like an “I owe you”, to pay a specified sum of money at a fixed time or on-demand. These are commonly used in conjunction with executory contracts, where one party has fulfilled their material obligations and the other party still has some or all outstanding. | *The ''BEA'' states that a promissory note is a written promise, like an “I owe you”, to pay a specified sum of money at a fixed time or on-demand. These are commonly used in conjunction with executory contracts, where one party has fulfilled their material obligations and the other party still has some or all outstanding. | ||
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