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A promissory note is used when one party, the issuer, is making a "promise" to pay a certain amount of money to another party, known as the payee.

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This Lease Agreement is legally binding in Arizona according to your state's specific rules and regulations.

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Arizona Promissory Note: What Is It?

An Arizona promissory note is an agreement between two people where one person promises to repay another person for a debt. In Arizona, a promissory note that is not fulfilled may be eligible as a collections lawsuit if it falls within a six year statute of limitations.

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