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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 California according to your state's specific rules and regulations.

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California Promissory Note: What Is It?

A California promissory note is most often used between two people when one has given the other a loan. A California promissory note must follow state specific legal requirements. For example, a California promissory note cannot list an interest rate of more than 10%.

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