Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Covers fundamental aspects like offer, acceptance, and consideration.
Bills of Exchange Act (Cap. 23): Legislation specifically relevant for promissory notes and negotiable instruments, governing their form, issuance, and enforcement.
Money-lending Act (Cap. 188): Regulatory framework for money lending activities, particularly relevant if the promissory agreement involves a loan arrangement.
Civil Law Act (Cap. 43): General civil law provisions that may affect contractual relationships and remedies.
Stamp Duties Act: Governs the stamp duty requirements for legal documents, including promissory agreements.
Limitation Act: Sets time limits for bringing legal actions, affecting the enforcement period of promissory agreements.
Common Law Principles: Singapore follows English common law tradition, incorporating relevant case law and precedents on promissory agreements.
MAS Regulations: Monetary Authority of Singapore regulations that may apply, especially if the agreement involves financial services or institutions.
Interest Rate Regulations: Rules governing maximum interest rates and related terms, particularly relevant for loan-related promissory agreements.
Capacity Requirements: Legal requirements regarding parties' capacity to enter into binding agreements, including age and mental capacity considerations.
