Civil Law Act (Cap. 43): Primary legislation governing contracts and obligations in Singapore. Relevant for the basic contractual elements of the promissory note.
Contracts (Rights of Third Parties) Act: Legislation governing the rights of third parties in contractual agreements, particularly relevant if the promissory note may be transferred or assigned to another party.
Money-lenders Act (Cap. 188): Regulates money lending transactions in Singapore. Must be considered if the promissory note is related to a money lending arrangement.
Bills of Exchange Act (Cap. 23): Contains provisions about negotiable instruments which are relevant to promissory notes, despite primarily dealing with bills of exchange.
Limitation Act (Cap. 163): Sets out the time limits within which legal actions can be brought to enforce the promissory note.
Property Law Act: Contains provisions relating to interest rates and charges that must be complied with in the promissory note.
Writing Requirement: Legal requirement that the promissory note must be in writing to be enforceable.
Unconditional Promise: Legal requirement that the note must contain an unconditional promise to pay a definite sum.
Payment Terms: Legal requirement that payment terms must be clearly specified in the note.
Interest Rate Compliance: Legal requirement that any interest rates specified must comply with statutory maximums under Singapore law.
Signature Requirement: Legal requirement that the note must be signed by the maker to be valid.
