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Document Id : 7321
File Type : Microsoft Word
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Mexico Promissory Note Between Two Natural Persons
Use this template to prepare a Promissory Note between two natural persons for use in Mexico.
- This form of promissory note would be used when both the borrower (debtor) and the lender (creditor) are individuals.
- The note bears simple interest for payments that are made on time.
- If a payment is late, compound interest is charged on the unpaid balance.
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