Promissory warranty definition
WebFeb 15, 2024 · Promissory notes may also be referred to as an IOU, a loan agreement, or just a note. It's a legal lending document that says the borrower promises to repay to the lender a certain amount of money in a certain time frame. This kind of document is legally enforceable and creates a legal obligation to repay the loan. WebPromissory definition, containing or implying a promise. See more.
Promissory warranty definition
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Webprom· is· so· ry ˈprä-mə-ˌsȯr-ē : containing or conveying a promise or assurance Example Sentences Recent Examples on the Web The transactions were documented in a series of … WebJul 1, 2024 · The meaning of PROMISSORY NOTE is a written promise to pay at a fixed or determinable future time a sum of money to a specified individual or to bearer. a written …
WebPromissory Warranty FindLaw Legal Dictionary The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. term: Promissory Warranty promissory warranty see warranty Source: … WebFeb 29, 2012 · (i) the secured convertible promissory notes (the “Senior Notes”) issued pursuant to the Note and Warrant Purchase Agreement, dated as of October 1, 2010, by and between the Company and the Investors listed on Schedule A thereto, and the related guaranties issued in favor of certain holders of such notes by the guarantors thereof, and …
WebFeb 3, 2024 · “Warranty" means a legal promise or a guarantee provided by the grantor to the grantee that specific facts or conditions set out in the deed are true or will happen. Clearly, a buyer of either residential or commercial real estate wants to be sure that the individual or business selling the property actually owns the interest being transferred. WebNov 15, 2015 · A representation is a statement of fact; a warranty is a promise of fact. Admittedly, they can look very similar. Language such as “I am a licensed contractor” could be a representation, a warranty, or both. But despite similarity in appearance, and the occasional difficulty in distinguishing between them, their differences are substantial.
WebJul 1, 2013 · (ii) Any breach by the Company of any material representation, warranty or covenant in this Note which results in a Material Adverse Effect on the Company’s business, operations or financial condition; provided, that, in the event of any such breach, such breach shall not have been cured by the Company within 30 days after the earlier to occur of (a) …
WebA promissory warranty is a statement about future facts or about facts that will continue to be true throughout the term of the policy. An untruthful affirmative warranty makes an … down to earth counseling grand forks ndWebPromissory Warranty Law and Legal Definition. Promissory warranty in terms of the law of insurance is a warranty that facts will continue to be as stated all through the policy … clean and polish antique bakeliteWebSep 21, 2024 · A promissory warranty is a statement made by the insured, which is susceptible of no construction other than that the parties mutually intended that the policy should not be binding unless such statement be literally true. clean and organize llcWebpromissory notes are common, the form of the promissory note is quite flexible. As long as the essential terms (mandated by statute) are present, the instrument will be fully enforceable regardless of length or the presence of a corresponding loan agreement. In fact, in such jurisdictions, banking institutions often document medium- and long ... clean and not clean signsWebMar 30, 2024 · A promissory note is a written and signed promise to repay a sum of money in exchange for a loan or other financing. A promissory note typically contains all the … clean and polish marble floorsWebFeb 1, 2024 · Promissory estoppel is the legal principle defining that a promise is enforceable by law when a party who relies on that promise suffers a related detriment. down to earth counseling knoxvilleWebAn assurance that a certain condition, fact, or circumstance will be true for the entire term of a contract. down-to-earth crossword