Catégorie : Cryptocurrency News
-
IOU: What It Is, How It Works, and Examples
Though still not as formal (and enforceable) as a loan agreement or contract, they tend to stand up better in court. In fact, promissory notes often accompany mortgage agreements or student loan agreements it’s signing this note that actually obligates the borrower to repay. Owing to the informal quality of IOU, they tend to carry…