Identify five (5) real-life situations where you can use a promissory note.
Answer:
When to Use a Promissory Note? A promissory note is used for mortgages, student loans, car loans, business loans, and personal loans between family and friends.
Explanation:
If you are lending a large amount of money to someone (or to a business), then you may want to create a promissory note from a promissory note template.
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