Business Law Insights

A promissory note is more than just a promise to pay. It is a legally binding contract that can carry serious consequences when breached. In California, disputes involving unpaid promissory notes are common in business loans, private lending, real estate transactions, and even family loans. Understanding your rights and obligations is critical whether you are the lender trying to collect or the borrower facing a lawsuit. This guide explains what constitutes a breach of a prom