Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for establishing the basic requirements of a valid promissory note as a contractual instrument.
Bills of Exchange Act (Cap. 23): Regulates negotiable instruments including promissory notes, defining their essential characteristics and requirements for validity.
Civil Law Act (Cap. 43): Provides foundational civil law principles applicable to commercial transactions and instruments in Singapore.
Stamp Duties Act (Cap. 312): Governs the stamp duty requirements for legal documents including promissory notes, which must be properly stamped to be admissible as evidence in court.
Limitation Act (Cap. 163): Sets time limits for enforcing rights under a promissory note, typically 6 years from the date of default.
Evidence Act (Cap. 97): Establishes rules for admissibility of evidence, including documentary evidence such as promissory notes in legal proceedings.
Money Lending Act: May be relevant if the promissory note is connected to money lending activities, imposing additional requirements and restrictions.
Banking Act: Relevant if the promissory note involves banking institutions, providing regulatory requirements for bank-related transactions.
Anti-Money Laundering and Counter-Terrorism Financing Requirements: Regulatory framework to ensure the promissory note is not used as an instrument for money laundering or terrorism financing.
