[honestum]

I was listening to Marks 3 day Melbourne Workshop and someone in the audience asked a question but due to the quality of the recording the answer was muffled.

The question is the same one I had yesterday while pondering this information.

The question was: We issue a promissory note and set the meeting at a the reasonable timeframe then attend the location. If the drawee (the one we sent the PN to, if I have the terminology right), shows up and requests payment on the PN, should we have the currency ready to pay their request or what should we do ( setting aside the other feedback that, to date, none have ever showed up). For example my personal liability may be $30K and I issue the PN for $35K, I likely wont have $35K sitting around to pay the PN if they show up. What do I do? Thanks

• This reply was modified 1 year, 3 months ago by  honestum.