Bills of Exchange Act (Chapter 23): Primary legislation governing negotiable instruments including promissory notes in Singapore, setting out formal requirements and rights of parties
Contracts Act (Chapter 53): Fundamental law governing contract formation, validity, and enforcement in Singapore, relevant for the basic contractual aspects of the promissory note
Money-lenders Act (Chapter 188): Regulates money lending transactions and may apply if the note is part of a money lending arrangement
Property Law Act (Chapter 242): Relevant for any security interests or property-related aspects of the promissory note
Civil Law Act (Chapter 43): Governs interest rates and enforcement mechanisms, including restrictions on usurious interest rates
Limitation Act (Chapter 163): Sets time limits for enforcement of the promissory note and related claims
Banking Act (Chapter 19): Applicable if the transaction involves regulated financial institutions
MAS Guidelines: Regulatory guidelines from the Monetary Authority of Singapore that may affect the structure and terms of the note
Consumer Protection (Fair Trading) Act: Relevant if the promissory note involves consumer transactions, ensuring fair trading practices
Negotiability Requirements: Legal requirements for the note to be negotiable, including proper form and content
Partial Recourse Provisions: Specific requirements for structuring and documenting the partial recourse nature of the note
Documentation Requirements: Formal requirements for executing and maintaining proper documentation of the promissory note
