Have you ever made a promise to someone to pay off your debts in corporate world? If yes, then they would have definitely demanded a promissory note from you. In this litigious business society, verbal promises are not considered reliable; hence, creditors ask for a written promissory note ensuring the payment of their debts. Also, if they are unable to pay off the debts, the promissory note can be a source to file a suit against the debtor. Click here to read more.