Is it necessary to include in a promissory note a competent court in case of a lawsuit?
Background Pursuant to article 170 of the General Negotiable Instruments and Credit Transactions Law (the “Law”) a promissory note is a negotiable instrument that must contain the following elements to be valid: I. The word pagaré (promissory note) inserted in the text of the document. II. An unconditional promise to pay a given sum of […]